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CIBN, NDLEA explore partnership on illicit financial flow


Mohammed Buba Marwa

The Chartered Institute of Bankers of Nigeria is seeking collaboration among the National Drug Law Enforcement Agency (NDLEA), Economic and Financial Crimes Commission (EFCC) and the Chartered Institute of Bankers of Nigeria (CIBN) to control illicit financial flow in the country.

As part of the collaboration, the institute has proposed an annual joint conference that will focus on proffering solutions to the challenge.

The President/Chairman of Council, CIBN, Dr. Bayo Olugbemi, made the call when he paid a courtesy call on the Executive Chairman/Chief Executive of NDLEA, Brig Gen. Mohammed Buba Marwa (rtd) in Abuja.


The CIBN President said that the purpose of the visit was to discuss how the institute could deepen the relationship between the agency and the banking industry towards building a drug-free country.

Olugbemi explained the CIBN’s readiness to collaborate with the NDLEA Academy on relevant certification programmes as well as to provide technical expertise to enhance the existing operations.

Olugbemi further sought the support of the Agency on the proposed amendment of the CIBN Act of 2007, which will enhance the power of the disciplinary tribunal to discipline erring bankers among others.

Marwa said that about 15 million Nigerian youths are into illicit drug consumption which raises the level of criminality in the country.

He assured the CIBN of the agency’s readiness to collaborate with the institute on the enforcement of the Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF.


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