IGP Establishes Anti-Money Laundering Units

Abuja, Nigeria — The Inspector-General of Police (IGP), Kayode Adeolu Egbetokun, has announced the establishment of the Police Anti-Money Laundering Units across all State Criminal Investigation Departments (SCIDs) in the country.

In a statement, the IGP revealed that CP Hyacinth Azuka Edozie, a financial crime expert, will lead the initiative alongside officers of the rank of Chief Superintendent of Police (CSPs) in each state. The move is part of a broader strategy to enhance the Nigeria Police Force’s capacity to tackle illicit financial activities.

Egbetokun urged Nigerians to actively participate in safeguarding national security by reporting suspicious activities linked to counterfeit currency and financial crimes.

Force Public Relations Officer (PRO) explained that the creation of the new units complements existing agencies like the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC). The initiative aims to bolster the Police’s role in addressing sophisticated financial crimes, particularly those funding terrorism and organized crime.

“The establishment underscores the Force’s dedication to preventing and detecting illicit financial activities that threaten national stability,” the Force PRO stated. “This step also enhances collaboration with the Nigerian Financial Intelligence Unit (NFIU) to address security threats effectively.”

Significant Arrests and Breakthroughs

The Police Anti-Money Laundering Units have already recorded significant successes. On December 8, 2024, operatives in Gwale, Kano State, apprehended Nura Ibrahim and seized counterfeit currency worth ₦129.5 billion, including 3,366,000 counterfeit US dollars, 51,970 counterfeit CFA francs, and 1,443,000 counterfeit naira. Subsequent investigations led to the arrests of accomplices Muhammed Muntari and Usman Abdullahi.

Similarly, on January 13, 2025, 53-year-old Ephraim Barde was arrested in New Karu, Nasarawa State, with $160,000 in counterfeit US dollar notes. Investigations are ongoing to uncover additional accomplices and determine the extent of Barde’s operations.

The IGP reiterated the Police Force’s commitment to combating financial crimes, ensuring a secure economic environment, and promoting national security.

“This initiative reflects our resolve to prevent threats to Nigeria’s financial system and ensure the safety of all citizens and residents,” the statement concluded.

By Enoch Odesola| January 16, 2025