Police Launch Anti-Money Laundering Units to Tackle Financial Crimes

Kehinde Fajobi

The Inspector-General of Police (IGP), Kayode Egbetokun, has inaugurated the Police Anti-Money Laundering Units across Nigeria to bolster efforts against financial crimes.

Egbetokun appointed CP Hyacinth Azuka Edozie, a financial expert, alongside Chief Superintendents of Police (CSPs), to oversee the units in State Criminal Investigation Departments (SCIDs) nationwide.

In a statement issued on Wednesday, Force Public Relations Officer ACP Olumuyiwa Adejobi explained the initiative’s focus on countering illicit financial activities.

“The establishment underscores the Force’s commitment to safeguarding national security by preventing and detecting illicit financial activities that could undermine the country’s stability.

“It also enhances the operational capacity of law enforcement agencies, especially the Nigerian Financial Intelligence Unit (NFIU), in addressing various security threats,” the statement read.

Adejobi reaffirmed the Force’s resolve to protect the nation’s financial system, stating, “The Nigeria Police Force remains resolute in its efforts to combat financial crimes and ensure a secure economic environment with a view to promoting national security.”

Egbetokun urged citizens to report suspicious activities, emphasising, “The IGP calls on all citizens to play an active role in national security by reporting suspicious activities related to counterfeit currency and financial crimes.”

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