- Harmonises terrorism, money laundering laws
- New law to have extra-territorial application
Following its avowed determination to fight terrorism in the country and money laundering alongside their sponsors, the federal government is set to firm up relevant laws to discourage perpetrators of the acts. According to the Ministry of Justice yesterday in Abuja, there is the need to ensure speedy and efficient administration of justice in the foregoing regard.
Permanent Secretary in the ministry, Abdullahi Yola, disclosed this at a-two day stakeholders sensitisation workshop organized on the National (Money Laundering and Terrorist Financing) Risk Assessment (NRA), adding that the ministry has made a comprehensive review of the Terrorism Prevention Act and also harmonised the 2011 and 2013 Acts into a comprehensive legislation.
He further said that comprehensive legislation, which would soon be sent to the National Assembly for passage into law, would make provision for extra territorial application of the Act, thus strengthening terrorist financing offences.
According to him, “terrorism and money laundering are criminal acts which are inextricably linked. Without getting to their roots, it will be difficult to combat them. There is also awareness on the part of the law enforcement agents about the proportion of illicit money or process of crime that is being channeled to fund terrorist activities.”
In the country’s war against insurgency, there had been concerns about the source of funding for insurgents in a war that has occasioned monumental destruction to lives and property not just in the North-east region of the country, but in several other parts. Beyond that, the millions of Internally Displaced Persons, IDPs nationwide have reached such alarming numbers that neighbouring countries, especially, Cameroun have become refugee camps for many.
Early this week, thousands of Nigerian IDPs in parts of Cameroun began their journey back home in Borno and Adamawa states, following successes recorded by the military in making the states safe again for their habitation.