At the 2025 National Anti-Money Laundering, Counter Financing of Terrorism, and Proliferation (AML/CFT/CPF) Summit, President Bola Ahmed Tinubu revealed that Nigeria has successfully prosecuted and convicted over 100 terrorist financiers in the past two years.
Represented by Senator George Akume, the Secretary to the Government of the Federation, Tinubu highlighted the country’s intensified efforts to dismantle financial networks supporting terrorist groups like Boko Haram and ISWAP.
He emphasized that safeguarding Nigeria’s financial system from domestic and international threats is essential for building a globally competitive economy. The President reaffirmed the government’s commitment to financial integrity as a cornerstone of its national security strategy.
“By taking away the funds, resources, and material support behind Boko Haram and ISWAP, we are denying them the ability to inflict terror on our communities,” said Tinubu, underscoring the importance of “following the money” in combatting terrorism.
The president also addressed Nigeria’s ongoing efforts to improve its regulatory frameworks, mentioning that the country is working hard to meet its commitments in the Financial Action Task Force (FATF) Action Plan to exit the FATF grey list by May 2025. Tinubu assured that the administration is fully committed to addressing deficiencies in the country’s anti-money laundering and counter-financing of terrorism framework.
The country has made significant strides, with law enforcement agencies like the Nigeria Police, the EFCC, ICPC, and NDLEA securing many convictions. These agencies are now better equipped, following substantial investments in human resources and technical capacity.