•HURIWA alleges lax oversight of regulator by BuhariThe Federal Government has denied a report by the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) alluding that the Islamic State in West Africa Province (ISWAP) was laundering N18 billion through Nigeria’s financial system to deepen terrorism. The Nigerian Financial Intelligence Unit (NFIU), which reacted yesterday via a statement issued by its Chief Media Analyst, Ahmed Dikko, faulted the Economic Community of West African States (ECOWAS) body that observed the fund was generated yearly from trading and taxing communities in the Lake Chad region. The exercise is continuing and far from over. “In addition, funding of violence from all sections of the country is being evidently analysed and reported to all relevant authorities according to law. “All our neighbours have proofs of our exchange of terrorist financial intelligence with them real time,” the statement added.

Source: The Guardian December 07, 2021 04:26 UTC