The Federal Government of Nigeria has announced the successful seizure of over N45 billion linked to individuals and entities associated with terrorism.
The Attorney-General of the Federation and Minister of Justice, Mr. Lateef Fagbemi, made this revelation during the 40th Technical Commission/Plenary Meeting of the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA) held at the State House, Abuja.
Fagbemi stated, “We now have over 1,500 officers dedicated to investigating and prosecuting money laundering across these three agencies alone.
“This sustained investment has led to increased numbers of investigations, prosecutions, and convictions consistently since 2021, with 5,118 investigations, 1,509 prosecutions, and almost 500 convictions secured, resulting in over 45 billion naira of illicit proceeds seized.