The Lagos State Government has called for cooperation and vigilance among stakeholders across all economic sectors in the fight against money laundering and terrorism financing, describing the menace as a threat to global peace.
The call was made recently during the opening of a three-day strategic-level anti-money laundering and countering terrorism financing workshop for senior Lagos State Government officials. The programme, organised in conjunction with the International Institute for African Defence, Security & Governance, was held in Epe, Lagos.
Speaking at the event, the state Commissioner for Finance, Abayomi Oluyomi, said the training is aimed at equipping civil servants with the insights, skills, and strategies needed to enhance their professional capabilities and contribute to creating a safer and more secure world.
Represented by the Permanent Secretary, Lagos State Treasury Office, and Accountant-General of the state, Abiodun Muritala, the commissioner reminded participants that the fight against money laundering and terrorism financing requires continuous vigilance, adaptability, and collaboration across borders and sectors.
“Your role in this mission is crucial, and your dedication is vital to our collective success,” he added, expressing confidence that the training will empower civil servants to make a positive impact in their ministries, departments, and agencies, as well as across Lagos State.
He also urged participants to ensure that the lessons learnt during the workshop are applied in the days and years ahead to build a brighter and more resilient future for all.
Major General (Retired) Emmanuel Whyte, Country Director of the International Institute for African Defence, Security & Governance, said the training was important for senior leaders to understand the negative effects of money laundering and terrorism financing on Nigeria’s economy.
He explained that the Financial Action Task Force has actionable recommendations that impact countries, noting that Nigeria is working to exit the grey list after meeting some of the requirements.
“Money laundering undermines a country’s financial integrity. This training aims not only to raise awareness but also to develop implementation plans to ensure Lagos State’s public finances and procurement processes meet international standards, thereby enhancing investor confidence and public trust,” he said.
A facilitator at the workshop, Ade Shonubi, added that the programme seeks to educate senior civil servants on the risks and impacts of money laundering, both on the state and on themselves as individuals. He emphasised that ignorance is no excuse under the 2022 Money Laundering Act.
The Director of the Project Financial Management Office of the State Treasury Office, Saheed Rasheedat, said the workshop has equipped participants with the knowledge to identify and prevent involvement in money laundering activities while carrying out their official duties.
According to the organisers, Lagos State is pioneering this training initiative, which is set to be replicated across other states and sectors of Nigeria’s economy.
