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How Buhari Is Fighting Terrorism Funding In Nigeria- Lai Mohammed

Lai Mohammed, the Minister of Information and Culture, on Thursday, disclosed how the Federal Government is checkmating the financing of terrorism in Nigeria.

Mohammed 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 Nigeria.

The Minister spoke during a press briefing on the Federal Government’s fight against corruption in Abuja.

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He 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 Nigeria.

“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,” Mohammed said.

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