Police Cracks Down On Terror Financing With New Anti-Money Laundering Units
Princess-Ekwi Ajide
In an effort to curb terrorism financing and financial crimes, the Inspector-General of Police, Dr. Kayode Egbetokun, has launched specialised Anti-Money Laundering Units within the Nigeria Police Force.
These units, led by financial expert and Chief Superintendents of Police across State Criminal Investigation Departments, CP Hyacinth Edozie, aim to dismantle illicit financial networks threatening Nigeria’s stability.
The initiative has already yielded results as police in Kano, arrested suspects in possession of counterfeit currency worth over ₦129 billion, including fake U.S. dollars, CFA francs, and naira.
In Nasarawa, another suspect was caught with counterfeit $160,000. Investigations are ongoing to uncover further accomplices.
The Police urge citizens to report suspicious financial activities, emphasising collective responsibility in safeguarding national security.
