Customs, EFCC, NDLEA partner to tackle money laundering, terrorism financing

The Nigeria Customs Service has intensified efforts to combat cross-border money laundering, terrorism financing, and other financial crimes by forming partnerships with six security and regulatory agencies. These include the Economic and Financial Crimes Commission, the National Drug Law Enforcement Agency, the Nigeria Police Force, the Nigeria Financial Intelligence Unit, the Nigeria Immigration Service, and the National Counter-Terrorism Centre.

The collaboration aims to enhance coordinated action against illicit financial flows and criminal networks operating across Nigeria's borders. The initiative follows a three-day engagement between October 27 and 29, 2026, aimed at improving information sharing and detecting suspicious cross-border transactions. This effort is crucial as financial crimes and terrorism financing often involve complex networks that span multiple jurisdictions, requiring intelligence from multiple institutions.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.