President Bola Ahmed Tinubu on Tuesday has said over 100 terror financiers have been prosecuted and convicted in the last two years.
Tinubu revealed this at the opening of the 2025 National Anti-Money Laundering, Counter-Financing of Terrorism and Proliferation (AML/CFT/CPF) Summit in Abuja .
The Secretary to the Government of the Federation (SGF) George Akume, represented the President at the.
Tinubu said the Office of the National Security Adviser and that of the Attorney-General of the Federation were responsible for the success.
The government targeted the financial backbones of terror organisations like Boko Haram and Islamic State–West Africa Province (ISWAP) to achieve the feat.
“By taking away the funds and resources behind these groups, we are denying them the ability to terrorise our communities. This approach aligns with global best practices in combating serious crime,” said the President.
Tinubu said was deploying the National Anti-Money Laundering and Counter-Terror Financing Strategy, National Anti-Corruption Strategy, and the National Drug Control Master Plan to tackle terrorists.
With these strategies, Tinubu said the FG focuses on combating crimes that harm Nigeria’s global reputation and hinder citizens’ ability to conduct business internationally.
He said the FG has upgraded the capacity of the Nigeria Police, Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices Commission (ICPC), and the National Drug Law Enforcement Agency (NDLEA) as part of effort to tackle insecurity.
The summit highlighted the critical role of the private sector in combating financial crimes.
Tinubu said “an efficient private sector is crucial to Nigeria’s ambition of becoming a middle-income country,” and called for regulatory predictability and efficiency.
Tinubu said the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and the National Insurance Commission, have strengthened financial supervision, adding that the Special Control Unit Against Money Laundering in the EFCC has worked to ensure compliance across financial and non-financial businesses.
