Financial Crime World

TOGO Regulators Praise Nigeria’s Anti-Financial Crime Agency, EFCC

Financial crime fighters from Togo and Gambia have praised the operational approach and leadership qualities of Nigeria’s Economic and Financial Crimes Commission (EFCC), describing it as a role model in Africa.

Combating Money Laundering, Financing of Terrorism, and Proliferation

A combined delegation of financial intelligence units (FIUs) from Togo and Gambia visited the EFCC headquarters in Abuja, where they commended the agency’s efforts in combating money laundering, financing of terrorism, and proliferation. The visit marks a significant collaboration between the two countries in their efforts to stem the rate of money laundering and financing of terrorism within the African sub-region.

Leadership and Collaboration

According to Tsontsoko Mamman, Head of Analysis Office at Togo’s Financial Intelligence Unit, the EFCC deserves commendation for its pivotal role in responding to global trends by collaborating with other FIUs worldwide. “We came to learn from your experience so as to improve efficiency,” Mamman said. “We cannot thank the EFCC acting Chairman enough for his efforts and support in the global fight against corruption.”

Nigerian Financial Intelligence Unit (NFIU)

The delegation also commended the NFIU, an autonomous unit operating within the EFCC, responsible for combating financial crimes in Africa. Francis Usaini, Head of the NFIU, noted that the delegates were trained in areas such as strategic analysis and monetary analysis during their three-day visit to the EFCC headquarters.

Continued Support

EFCC Acting Chairman Ibrahim Mustapha Magu assured the delegation of continued support from the EFCC, emphasizing that the fight against corruption is a joint effort. “We are committed to working together to stem the tide of financial crimes in our region,” Magu said.

Key Takeaways

  • The EFCC has been praised for its operational approach and leadership qualities by financial crime fighters from Togo and Gambia.
  • The delegation commended the agency’s efforts in combating money laundering, financing of terrorism, and proliferation.
  • The Nigerian Financial Intelligence Unit (NFIU) was also commended for its effectiveness under the watch of EFCC Acting Chairman Ibrahim Mustapha Magu.
  • The visit marks a significant collaboration between the two countries in their efforts to stem the rate of money laundering and financing of terrorism within the African sub-region.