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Police Launch Anti-Money Laundering Units to Tackle Financial Crimes

Kehinde Fajobi

The Inspector-General of Police (IGP), Kayode Egbetokun, has inaugurated the Police Anti-Money Laundering Units across Nigeria to bolster efforts against financial crimes.

Egbetokun appointed CP Hyacinth Azuka Edozie, a financial expert, alongside Chief Superintendents of Police (CSPs), to oversee the units in State Criminal Investigation Departments (SCIDs) nationwide.

In a statement issued on Wednesday, Force Public Relations Officer ACP Olumuyiwa Adejobi explained the initiativeโ€™s focus on countering illicit financial activities.

โ€œThe establishment underscores the Forceโ€™s commitment to safeguarding national security by preventing and detecting illicit financial activities that could undermine the countryโ€™s stability.

โ€œIt also enhances the operational capacity of law enforcement agencies, especially the Nigerian Financial Intelligence Unit (NFIU), in addressing various security threats,โ€ the statement read.

Adejobi reaffirmed the Forceโ€™s resolve to protect the nationโ€™s financial system, stating, โ€œThe Nigeria Police Force remains resolute in its efforts to combat financial crimes and ensure a secure economic environment with a view to promoting national security.โ€

Egbetokun urged citizens to report suspicious activities, emphasising, โ€œThe IGP calls on all citizens to play an active role in national security by reporting suspicious activities related to counterfeit currency and financial crimes.โ€