IGP Launches Police Anti-Money Laundering Units to Combat Financial Crimes
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Loading... - Philip Udofot
- 15 Jan 2025
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The Inspector-General of Police (IGP), Kayode Adeolu Egbetokun, has announced the establishment of Police Anti-Money Laundering Units within the Nigeria Police Force. This initiative was disclosed by CP Olumuyiwa Adejobi, the Force Public Relations Officer, in a statement released on Wednesday, January 15.
According to the statement, the newly formed units will be led by Chief Police Officer (CPO) Hyacinth Azuka Edozie, a recognized financial expert. Officers of the rank of Chief Superintendents of Police (CSPs) will be assigned to lead these units at State Criminal Investigation Departments (SCIDs) across the nation.
The establishment of these units is aimed at enhancing the Police's role in combating the increasing threat of financial crimes, particularly money laundering, which is often associated with terrorist financing and other criminal activities that undermine the stability of the country.
Adejobi emphasized that this move aligns with the government’s commitment to safeguarding national security and preventing illicit financial activities that pose a threat to Nigeria’s stability. He stated, “The establishment of the units will also strengthen the operational capacity of law enforcement agencies, particularly in collaboration with the Nigerian Financial Intelligence Unit (NFIU), to enhance global oversight and tackle emerging security threats.”
Under the leadership of IGP Egbetokun, the Nigeria Police Force remains steadfast in its dedication to ensuring a secure economic environment by actively combating financial crimes and protecting Nigeria’s financial system. This initiative is expected to bolster efforts in addressing the complexities of financial crimes and enhance the overall security framework in the country.
