NFIU to establish Nigeria branch of global women’s anti-money laundering network

The Nigerian Financial Intelligence Unit (NFIU) is set to launch a Nigerian chapter of the global Women in Anti-Money Laundering, Countering the Financing of Terrorism and Counter-Proliferation Financing (AML/CFT/CPF) Network on October 6. This move signifies Nigeria's dedication to enhancing women's leadership roles in the nation's fight against financial crimes.

Hafsat Abubakar Bakari, CEO of the NFIU and Nigeria's National Correspondent to the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), will spearhead the initiative. A statement from the NFIU highlighted that this reflects Nigeria's commitment to fostering women's professional growth and inter-agency collaboration in combating money laundering, terrorism financing, and weapons proliferation financing.

Bakari emphasized the significant contributions women have consistently made to Nigeria's financial integrity system. She noted their critical roles in financial intelligence, criminal investigations, regulation, supervision, compliance, risk management, legal advisory services, financial institutions, fintech innovation, and corporate governance. "The Women in AML/CFT/CPF Network will provide a platform for experienced professionals in both the public and private sectors to mentor the next generation, encourage greater collaboration across institutions and ensure that more women are equipped to take on leadership roles in shaping the future of financial integrity and security," she stated.

The Nigerian chapter will convene women from financial intelligence units, law enforcement agencies, regulatory bodies, banks, designated non-financial businesses and professions, academia, and development organizations. Members will gain access to mentorship programs, technical exchanges, networking opportunities, and capacity-building initiatives designed to enhance expertise and collaboration within the sector. This initiative is part of a larger vision to cultivate a more inclusive and interconnected professional community dedicated to combating financial crimes. The NFIU also plans to advocate for a West African chapter through GIABA, extending these opportunities across the region.

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The Women in AML/CFT/CPF Network will provide a platform for experienced professionals in both the public and private sectors to mentor the next generation, encourage greater collaboration across institutions and ensure that more women are equipped to take on leadership roles in shaping the future of financial integrity and security.