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Two Years, 100 Convictions: FG Disrupts Terror Financing Networks

Two Years, 100 Convictions: FG Disrupts Terror Financing NetworksThe Federal Government has successfully prosecuted and convicted more than 100 individuals involved in terrorism financing over the past two years, President Bola Ahmed Tinubu disclosed. Speaking at the 2025 National AML/CFT/CPF Summit in Abuja, Tinubu, represented by the Secretary to the Government of the Federation, George Akume, emphasized the administration’s commitment to dismantling the financial networks of terrorist groups such as Boko Haram and ISWAP.....KINDLY READ THE FULL STORY HERE▶
Tinubu highlighted the collaborative efforts of the Office of the National Security Adviser and the Attorney-General of the Federation in achieving these convictions. He credited the government’s approach, which includes disrupting criminal financial activities, as aligning with global best practices.
“This initiative ensures these groups are denied the resources to harm our communities, strengthening our fight against terrorism,” Tinubu stated.
The administration’s broader anti-crime strategies include the National Anti-Money Laundering and Counter-Terrorist Financing Strategy, the National Anti-Corruption Strategy, and the National Drug Control Master Plan. These initiatives aim to restore Nigeria’s global reputation and support legitimate business activities.
Additional investments in agencies like the EFCC, ICPC, and NDLEA have enhanced their capacity to combat organized crime. Regulatory agencies, such as the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), were commended for strengthening financial oversight, while SCUML continues to enforce compliance.
Tinubu reiterated Nigeria’s goal of exiting the FATF grey list by May 2025 through a robust AML/CFT/CPF regime.
The summit also underscored the importance of public-private partnerships in combating financial crimes. Hafsat Abubakar Bakari, CEO of the NFIU, called for collective action, emphasizing collaboration among political leaders, regulators, financial institutions, and international partners.
CBN Deputy Governor Philip Ikeazor stressed the urgency of aligning Nigeria’s financial systems with global standards, noting that resilience and transparency are essential for Nigeria’s economic ambitions.
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West African Tax Institutes Under Nigerian Leadership for the Next Two Years

Nigeria has officially assumed leadership of the West African Union of Tax Institutes (WAUTI) for the next two years, following the election of Mr. Samuel Agbeluyi, President of the Chartered Institute of Taxation of Nigeria (CITN), as the President of the Union. This significant development took place during the 11th Annual General Meeting of WAUTI held on February 27, 2025, in Accra, Ghana.....KINDLY READ THE FULL STORY HERE▶
WAUTI, which comprises National Tax Institutes/Associations from ECOWAS member states, is committed to enhancing tax professionalism, improving tax compliance, and streamlining tax administration within the region. With Nigeria at the helm, WAUTI aims to further its vision of harmonizing tax practices across West Africa, fostering a transparent and equitable taxation system that boosts economic growth and compliance.
In his acceptance speech, Agbeluyi expressed his gratitude for the opportunity to lead the organization, vowing to collaborate closely with fellow executives and stakeholders to advance the Union’s objectives. He highlighted his commitment to working on regional partnerships that will support professionalism in the tax systems of WAUTI’s member states.
Agbeluyi’s vast experience, which includes serving as the Honorary Treasurer and 2nd Vice President of CITN, has positioned him well for this new role. He is also a distinguished member of various prestigious bodies, such as the National Institute for Policy and Strategic Studies (NIPSS), and has earned numerous accolades in the field of taxation.
In addition to Agbeluyi’s election, other members of WAUTI’s Executive for the 2025-2027 tenure were also selected, including the re-election of Mr. Innocent Ohagwa, CITN’s current Vice President, as the Honorary Treasurer. This marks the beginning of a new era of regional cooperation in tax administration under Nigerian leadership.
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