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Police create body to combat financial crimes


The Inspector-General of Police, IGP Usman Alkali Baba has inaugurated a Committee to review documents from the Nigeria Financial Intelligence Unit (NFIU) and provide necessary information for the effective functioning of the Financial Action Task Force (FATF) in the country. The Committee which comprises 21 notable, highly dedicated, and experienced Officers of the Nigeria Police Force drawn based on their professionalism and specialization, was inaugurated at the IGP Conference Hall, Force Headquarters, Abuja, on Friday 29th July, 2022.

CSP Muyiwa Adejobi, the Police PRO announced that in a statement he made available to the media.

The Committee, headed by DCP Adegbite Olaolu, MFR, would equally provide data on Anti-Money Laundering (AML), Counter Financing Terrorism (CFT), and Counter Proliferation Finance (CPF) to determine the level of the nation’s implementation of the strategic modalities emplaced to tackle insecurity and financial crimes in tandem with international best practice, and its report to be submitted within one week.

Amongst other things, the Committee will work on twenty-two (22) terms of reference which includes the draft, domestication and implementation of the Standard Operation Procedure (SOP) on parallel investigation and inter-agency exchange of information; provide evidence of inter-agency coordination of money laundering investigations, prosecutions and convictions as well as statistics and summary of cases consistent with Nigeria’s risk profile.

The Inspector-General of Police while reiterating the commitment of his administration to tackling the menace of money laundering, terrorism and proliferation of arms financing, enjoined members of the committee to work assiduously towards attaining its mandate. The IGP similarly re-assured Nigerians of better security in the country as all hands are on deck to re-strategize the fight against insecurity in Nigeria.


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