IGP Launches Anti-Money Laundering Units To Combat Terrorism Financing

The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, has inaugurated the Police Anti-Money Laundering Units within the Nigeria Police Force.

Naijaonpoint understands that this strategic move includes the appointment of a seasoned financial expert, CP Hyacinth Azuka Edozie, alongside Chief Superintendents of Police (CSPs) to oversee operations in all State Criminal Investigation Departments (SCIDs) across the nation.

According to a statement released by the Force Public Relations Officer, ACP Olumuyiwa Adejobi, on Wednesday, 15th January 2025, the initiative aims to fortify the Police’s capacity in safeguarding national security, particularly in tackling financial crimes.

The units will play a pivotal role in dismantling the complex mechanisms employed by terrorist organizations and other criminal entities to fund their operations.

This development reaffirms the Force’s dedication to combating illicit financial activities that threaten Nigeria’s stability.

It also aligns with efforts to enhance collaboration with the Nigerian Financial Intelligence Unit (NFIU), further empowering the country to address global and domestic security challenges effectively.

The Police have already demonstrated their commitment through recent operations in Kano and Nasarawa States. On December 8, 2024, in Gwale, Kano State, officers acting on credible intelligence apprehended Nura Ibrahim with counterfeit currency amounting to ₦129,542,823,000.

The seizure included ₦1,443,000 in counterfeit Naira, $3,366,000 in fake U.S. dollars, and CFA 51,970 in counterfeit CFA franc. This breakthrough led to the arrest of two accomplices, Muhammed Muntari and Usman Abdullahi.

In another operation on January 13, 2025, the Police arrested 53-year-old Ephraim Barde in New Karu, Nasarawa State, with $160,000 in counterfeit U.S. dollar notes. Investigations are ongoing to uncover the full extent of Barde’s activities and identify his associates.

The establishment of the Anti-Money Laundering Units underscores the Nigeria Police Force’s determination to protect the nation’s financial system and promote a secure economic environment.

These efforts are critical for ensuring national security and safeguarding the welfare of all Nigerians and residents.

The Inspector-General urged citizens to actively participate in combating financial crimes by reporting any suspicious activities involving counterfeit currency or related offenses.