Home News How Buhari is Fighting Terrorism Funding in Nigeria – Lai Mohammed
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How Buhari is Fighting Terrorism Funding in Nigeria – Lai Mohammed

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How Buhari is Fighting Terrorism Funding in Nigeria - Lai Mohammed | Daily Report Nigeria
Minister of Information and Culture, Alhaji Lai Mohammed
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The Minister of Information and Culture, Lai Mohammed, has explained how the president Muhammadu Buhari-led Federal Government is checkmating the financing of terrorism in Nigeria.

Lai, who spoke during a press briefing on the Federal Government’s fight against corruption in Abuja, disclosed that the Federal Government uses the Money Laundering Act 2004, the Economic and Financial Crimes Commission, EFCC, Act 2004, the Department of State Services, DSS, and the Nigerian Financial Intelligence Unit, NFIU, in fighting the financing of terrorism in the country.

The minister also pointed out that the harmonization of the Bank Verification Numbers (BVN) with National Identification Numbers (NIN) is a way of fighting the financing of terrorism in the country.

According to him: “To check terrorism financing in Nigeria, the Federal Government has deployed a plethora of tools, including the Money Laundering Act, 2004, the EFCC Act, 2004, the ICPC Act, 2000, Department of State Services (DSS) and the Nigerian Financial Intelligence Unit (NFIU) to deal with the issue of corruption, money laundering and terror financing.

“The ongoing harmonization of Bank Verification Numbers (BVN) with National Identification Numbers (NIN) is also a means of tracking the flow of funds within Nigeria and, by extension, tackling terror financing,”

Also Read: BREAKING: FG Uncovers 96 Boko Haram Sponsors

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