Buhari using BVN, NIN to tackle terrorism – Lai Mohammed

Minister of Data and Tradition, Lai Mohammed, has disclosed how President Muhammadu Buhari-led authorities is checkmating the financing of terrorism in Nigeria.

He spoke throughout a press briefing on the Federal Authorities’s struggle towards corruption in Abuja on Thursday.

In line with Mohammed, FG makes use of the Cash Laundering Act 2004, the Financial and Monetary Crimes Fee, EFCC, Act 2004, the Division of State Companies, DSS, and the Nigerian Monetary Intelligence Unit, NFIU, in combating the financing of terrorism in Nigeria.

He additionally identified that the harmonization of the Financial institution Verification Numbers (BVN) with Nationwide Identification Numbers (NIN) is a approach of combating the financing of terrorism in Nigeria.

“To verify terrorism financing in Nigeria, the Federal Authorities has deployed a plethora of instruments, together with the Cash Laundering Act, 2004, the EFCC Act, 2004, the ICPC Act, 2000, Division of State Companies (DSS) and the Nigerian Monetary Intelligence Unit (NFIU) to take care of the difficulty of corruption, cash laundering and terror financing.

“The continued harmonization of Financial institution Verification Numbers (BVN) with Nationwide Identification Numbers (NIN) can be a method of monitoring the circulate of funds inside Nigeria and, by extension, tackling terror financing,” Mohammed stated.