IGP Egbetokun launches Anti-Money Laundering Units to tackle financial crimes

…as Police arrests fraudsters in Kano, Nassarawa

The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, has announced the establishment of Anti-Money Laundering Units within the Nigeria Police Force.

The units, led by CP Hyacinth Azuka Edozie, a seasoned financial expert, will operate under the State Criminal Investigation Departments (SCIDs) in all states, with Chief Superintendents of Police (CSPs) heading the units.

CP Hyacinth Azuka Edozie

The initiative is a strategic move to bolster the Police’s role in combating financial crimes and safeguarding national security. It aims to counter the sophisticated methods employed by terrorist organizations and other criminal groups to finance illicit activities.

In his statement, the IGP emphasized that the creation of these units underscores the Police Force’s dedication to preventing and detecting financial crimes, thereby strengthening Nigeria’s stability.

The units will also enhance collaboration with the Nigerian Financial Intelligence Unit (NFIU) and other global agencies to tackle security threats effectively.

Recent operations highlight the Police’s commitment to fighting financial crimes. On December 8, 2024, operatives in Gwale, Kano, arrested Nura Ibrahim and confiscated counterfeit currency amounting to ₦129,542,823,000. This included $3,366,000 in counterfeit US dollars, CFA franc equivalent to 51,970, and ₦1,443,000 in counterfeit naira. The arrest led to the capture of accomplices Muhammed Muntari and Usman Abdullahi.

Similarly, on January 13, 2025, in New Karu, Nasarawa State, 53-year-old Ephraim Barde was apprehended with $160,000 in counterfeit US dollars. Investigations are ongoing to determine the extent of his activities and uncover potential accomplices.

The IGP called on Nigerians to actively support efforts to combat financial crimes by reporting suspicious activities. He reaffirmed the Force’s resolve to ensure a secure financial environment and promote national security.

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