Reps move to eradicate terrorism financing, money laundering

House of representatives
House of Representatives

 

The House of Representatives Committee on Financial Crimes has declared its commitment to root out the enablers of financial crimes and criminal activities in the country.

The committee also asserted that the 10th National assembly would not tolerate corruption.

Rep. Ginger Obinna, Chairman of the committee, made this pledge during the inaugural meeting of the panel in Abuja on Tuesday.

He unveiled a series of strategies and policies aimed at safeguarding the nation’s financial system and upholding the rule of law.

He expressed confidence in the lawmakers’ abilities to confront the inherent challenges posed by financial crimes in the country.

Addressing the committee members, he emphasised the importance of collective efforts to combat various menaces, including financial crimes and illicit financial flows.

Others included: money laundering, terrorism financing, advance fee fraud (419), and cybercrimes, which continue to plague the nation.

Obinna commended the committee members for their dedication to transparency, fairness, and accountability, setting high standards for their work.

He expressed optimism that their joint efforts would have a profound impact on society by ensuring that those engaged in financial crimes and criminal activities are held accountable and brought to justice.

He said, “the committee is gearing up for its activities and will have jurisdiction to oversee the Economic and Financial Crimes Commission (EFCC), monitoring agencies involved in the detection of financial crimes, including institutions established by law to handle financial crimes and their annual budget estimates.

Obinna acknowledged the immense responsibilities of the committee but expressed confidence in its capabilities to confront financial crimes in the country.

He emphasised the commitment to make positive changes in the nation’s economy, aligning with the administration’s agenda to fight corruption.

The lawmaker pledged to maintain an open-door policy, ensuring that everyone is carried along during his tenure as the committee chairman. (NAN)

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