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Published On: Tue, Nov 21st, 2017

Osinbajo pledges Nigeria’s commitment to stop terrorism financing in Africa

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by Johnson John

The vice president of Nigeria, Yemi Osinbajo has pledged Nigeria’s commitment to curb terrorism financing and money laundering in Africa through effective regional cooperation.
Osinbajo stated this at the opening of an ECOWAS anti-money laundering ministerial conference in Abuja.
The conference was put together by the Inter-Governmental Action Group against Money Laundering in West Africa, GIABA.
The vice president at the GIABA ministerial meeting said Nigeria will continue to have a zero tolerance for money laundering through policies and laws that will reduce illicit transactions and improve the country’s global financial ratings.
Osinbajo advised representatives at the meeting to ensure proper monitoring of funds across West Africa through the setting up of a Financial Action Task Force in individual countries in line with global standards.
The GIABA ministerial meeting is a platform for member countries to share experiences on the challenges they face while implementing anti-money laundering and counter-financing of terrorism laws in line with international standards set by the Egmont group.

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