The Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA) in its continuous effort to create awareness on money laundering within the West African region has concluded a one-day National Annual Public Lecture Series on AMF/CFT Awareness. The Lecture held on Tuesday 2nd November, 2021 at the Nile University of Nigeria campus in Abuja, Nigeria.
The Public Lecture which was declared open by the Chairman, Independent Corrupt Practices and other Related Offences Commission (ICPC), Professor Bolaji Owasanoye (SAN), looked at how money laundering and terrorist financing have continued to undermine the development of the West African region.
In his keynote address, Professor Owasanoye noted that corruption is a daunting crime that has been committed for a long time, observing that money laundering and terrorist financing have adversely affected the growth and development of the region. He used the opportunity to highlight the importance of involving and partnering with the academia to incorporate the anti-money laundering message in the classrooms. It was also suggested that courses on Money Laundering and Terrorist Financing should be infused in universities’ academic curriculum to train more efficient young Ambassadors to champion the cause of Anti-Money Laundering.
Also addressing the audience, Mr. Ayo Olowoniyi of the Economic and Financial Crimes Commission (EFCC) who presented a paper titled ‘Milestones in the Fight against Corruption and Money Laundering in Nigeria’ of the Chairman, Mr. Abdulrasheed Bawa noted that the Commission has assiduously worked towards reducing the incidences of corruption and money laundering in Nigeria.
Mr. Olowoniyi noted that Nigeria has since 1975 when it first established the Public Complaints Commission demonstrated its commitment to progressive actions to ensuring that corrupt individuals do not benefit from the proceeds of their crimes.
Present during the Public Lecture were the Chairman, Independent Corrupt Practices and other Related Offences Commission, Professor Bolaji Owasanoye (SAN), The Chairman, Economic and Financial Crimes Commission ably represented by Ayo Peter Olowoniyi, the Director General, Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA) represented by the Director of Policy and Research, Mr. Muazu Umaru, the Vice- Chancellor of Nile University of Nigeria, Professor Osman Nuri Aras, among host of other dignitaries.
Also presents were students and lecturers from Nile University of Nigeria while others from the University of Lagos, University of Nigeria, and Nasarawa State University joined virtually in compliance with COVID-19 protocols.