Global Experts Address Money Laundering and Terrorism Challenges

In a recent public lecture in Abuja, experts from various fields discussed the substantial threat posed by money laundering and terrorism financing to both developing and developed nations, with a particular focus on Nigeria. The event, organized by the University of Abuja in collaboration with the University of California, San Francisco, featured contributions from key figures like the Chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, and Deputy District Attorney of Alameda County, California, Demarris Evans. Olukoyede emphasized that these crimes are cross-border issues affecting all countries, while Evans highlighted that corruption and money laundering are also prevalent in developed nations like the U.S. The discussion underscored the need for international cooperation, robust anti-corruption laws, transparency initiatives, and the critical role of banks and legal professionals in combating these illicit activities. The Acting Vice-Chancellor of UNIABUJA, Prof. Aisha Maikudi, stressed the global nature of these challenges and called on legal experts to actively participate in addressing them.