The Inspector General of Police, Kayode Egbetokun, has introduced Anti-Money Laundering Units across Nigeria as part of efforts to counter terrorism financing and other financial crimes.
Leading this initiative is CP Hyacinth Azuka Edozie, a financial expert, alongside Chief Superintendents of Police (CSPs) stationed in all State Criminal Investigation Departments (SCIDs) nationwide.
Force spokesperson Adejobi Muyiwa highlighted in a statement that the new units aim to detect and prevent illicit financial activities that threaten national stability.
He described the move as a strategic step to bolster the Nigeria Police Force’s capacity to fight sophisticated financial crimes, especially those used to fund terrorism and organized crime.
“This initiative reinforces the Force’s commitment to national security by preventing activities that could destabilize the country.
It also strengthens collaboration with the Nigerian Financial Intelligence Unit (NFIU) in addressing diverse security challenges,” the statement read.
Recent arrests underscore the impact of this initiative.
On December 8, 2024, in Gwale, Kano State, officers detained Nura Ibrahim, recovering counterfeit currency worth N129.5 billion.
The seizure included 3,366,000 in counterfeit US dollars, 51,970 in counterfeit CFA francs, and 1,443,000 in counterfeit naira.
Further investigations led to the arrests of accomplices Muhammed Muntari and Usman Abdullahi.
In another operation on January 13, 2025, police arrested Ephraim Barde, 53, in New Karu, Nasarawa State, with $160,000 in counterfeit US dollars.
Investigations are ongoing to uncover the full extent of his operations and potential collaborators.
The Inspector General reaffirmed the Force’s dedication to safeguarding the country’s financial systems, emphasizing the importance of public cooperation in reporting suspicious activities.
He described the establishment of the Anti-Money Laundering Units as a significant step in ensuring economic security and national safety.