IGP Establishes Police Anti-Money Laundering Units To Curb Financial Crimes
By Sunday Etuka, Abuja
The Inspector-General of Police, IGP Kayode Egbetokunm, has taken the war against terrorism financing a notch higher with the establishment of Police Anti-Money Laundering Units, and the appointment of a renowned financial expert, CP Hyacinth Azuka Edozie as the arrow head.
Force Public Relations Officer, ACP Olumuyiwa Adejobi, in a statement on Wednesday said, officers of the rank of Chief Superintendents of Police (CSPs) would lead the units in all State Criminal Investigation Departments (SCIDs) across the country.
He explained that the initiative was a strategic move to strengthen the Police’s role in national security, specifically in combating financial crimes, adding that it was also critical in countering the sophisticated methods used by terrorist organizations and other criminal entities to finance their activities.
ACP Adejobi said the establishment of the units 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 furtherance of its global oversight functions, to address various security threats,” he added.
The Force PRO noted that “as a testament to the zeal to curb financial crimes and boost national security, the Police recently made significant arrests in Kano and Nasarawa States. On December 8, 2024, at Gwale, Kano, operatives, acting on credible intelligence, apprehended Nura Ibrahim and discovered counterfeit currency, which included the sum of N129,542,823,000 in counterfeit currencies, with a breakdown of 3,366,000 in Counterfeit US Dollars, 51,970 in Counterfeit CFA franc, and 1,443,000 in counterfeit Naira. The arrest led to further arrests of accomplices Muhammed Muntari and Usman Abdullahi.
“Similarly, on January 13, 2025, the Force arrested 53-year-old Ephraim Barde in New Karu, Nasarawa State, with counterfeit U.S. dollar notes totalling $160,000. Following the arrest, further investigations are underway to determine the full scope of Barde’s involvement and identify any accomplices. The Police are committed to preventing further threats to the nation’s financial system,” he said.
He maintained that the Force remains resolute in its efforts to combat financial crimes and ensure a secure economic environment with a view to promoting national security for the safety of all Nigerians and residents.
While stating that the establishment of the Anti-Money Laundering Units was a vital step in this mission, Adejobi said the IGP called on all citizens to play an active role in national security by reporting suspicious activities related to counterfeit currency and financial crimes.
