The Minister of Information and Culture, Lai Mohammed, on
Thursday, disclosed how the Federal Government is checkmating the financing of
terrorism in Nigeria.
Mohammed disclosed that the Federal Government uses the
Money Laundering Act 2004, the Economic and Financial Crimes Commission, EFCC,
Act 2004, the Department of State Services, DSS, and the Nigerian Financial
Intelligence Unit, NFIU, in fighting the financing of terrorism in Nigeria.
The Minister spoke during a press briefing on the Federal
Government’s fight against corruption in Abuja.
He also pointed out that the harmonization of the Bank
Verification Numbers (BVN) with National Identification Numbers (NIN) is a way
of fighting the financing of terrorism in Nigeria.
“To check terrorism financing in Nigeria, the Federal
Government has deployed a plethora of tools, including the Money Laundering
Act, 2004, the EFCC Act, 2004, the ICPC Act, 2000, Department of State Services
(DSS) and the Nigerian Financial Intelligence Unit (NFIU) to deal with the
issue of corruption, money laundering and terror financing.
“The ongoing harmonization of Bank Verification Numbers
(BVN) with National Identification Numbers (NIN) is also a means of tracking
the flow of funds within Nigeria and, by extension, tackling terror financing,”
Mohammed said.
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