Insecurity Can Be Resolved If We Cut Off Funding Of Bandits- Minister Of Interior

Aregbesola stated this on Friday in Abuja at the inauguration of a 10-member inter-ministerial committee set up to implement the adoption and implementation of the assigned roles to the ministry. Information Guide Nigeria

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The minister said the inauguration was based on the Financial Action Taskforce (FATF) implementation roadmap adopted by the federal government. jamb results

He, however, reaffirmed the federal government’s commitment to the fight against money laundering and terrorism financing in Nigeria.

“Let me reiterate the federal government’s unflinching commitment to the eradication of money laundering, financing of terrorism, and related corrupt practices,” he said.

“This has made us willing and active partners with other African and indeed global partners in this advocacy and fight.

“Some of the security challenges facing the country at the moment can be resolved if the financial lifeline of the actors were cut off.

“That some of them are still in business suggests strongly that they have strong internal or external financial linkages.”

The minister added that the menace posed a serious threat to economic development.

“As money laundering undermines the legitimate private sector and the integrity of financial markets, loss of control of economic policy, causes economic distortion, instability and loss of revenue, among others,” he said.