The Economic and Financial Crimes Commission (EFCC) has pledged to disrupt terrorist financing networks by monitoring banking transactions and cutting off funds to bandits.
Ola Olukoyede, Chairman of the EFCC, made this promise through his spokesman, Commander Wilson Uwujaren, Director of Public Affairs Directorate, at the 2024 Annual Civil-Military Conference conducted by Civil-Military Cooperation (CIMICO) at the National Defence College in Abuja.
He stated that the commission will work closely with the armed forces to achieve this goal.
In his words: “Corruption is the key issue in terms of the promotion of insecurity in this nation. When people talk about insecurity and national development, one factor that is important to note is the implication of corruption on national security management and development.
“It is time for us to collectively fight corruption which has become a major challenge to our nation’s development. The loss of resources to corruption denies our nation the resources we should have used to provide infrastructure and digital services for our people, deepening the poverty we experience in this country.
“Corruption breeds poverty, which in turn makes the jobless embrace recruitment into banditry, kidnapping, and terrorism. We will continue to monitor the flow of funds, especially in the banking sector, to ensure that illicit money doesn’t get into the hands of bandits, kidnappers, and terrorists”.
The Minister of State for Police Affairs, Imaan Sulaiman Ibrahim, called for a concerted effort from all Nigerians to address insecurity.
The conference brought together stakeholders from various sectors to forge solutions to insecurity and promote national development.
Written by Cheta Enyoghasi
