Nigeria Condemns illicit financial flows from developing to developed economies; seeks global efforts against terrorism, drug trafficking

Gen Buba Marwa and Police Minister, Muhammad Dingyadi in Vienna

The Federal Government has called on world leaders to strengthen international cooperation as part of efforts to successfully combat terrorism and drug trafficking, among other forms of crimes.

This is even as Nigeria expressed concern over incidence of illicit financial flows from developing to developed economies.

These were parts of the positions presented by Nigeria at the ongoing conference by the United Nations Commission on Crime Prevention and Criminal Justice, taking place in Vienna, Austria.

Chairman/Chief Executive of the National Drug Law Enforcement Agency, NDLEA, Brig. General Mohamed Buba Marwa (Retd) who presented Nigeria’s positions on items 6C and 7 at the meeting stated that while nations deepen cooperation and strengthen the processes of combating the financing of terrorism and prevention of terrorists from benefitting from ransom payments, it is also important for them not to overlook the trafficking in illicit drugs.

According to him, “it is also imperative to keep an eye on, and control the proliferation of illicit traffic in narcotic drugs, psychotropic substances and other substances of abuse that serve as conflict multipliers leading to escalation of both the scope and intensity of violent activities.

Nigeria is also worried about the existing and growing links between terrorism and other forms of crime such as corruption, illicit financial flows, money laundering, illicit trafficking in drugs, cybercrime, trafficking in persons and smuggling of migrants.

“We, therefore, call on states to strengthen international cooperation to combat these links by providing information, intelligence sharing, mutual legal assistance, logistics support and military cooperation and other forms of technical assistance to enhance the capacity of security personnel to combat this new and ugly phenomenon.”

Delivering Nigeria’s statement on item 6C on Wednesday, Gen. Marwa said as nations renew their desire to improve international cooperation to address all forms of crimes, “Nigeria urges all states, once again, to make sincere efforts, to address the root causes, which include; poverty, economic deprivation, inequality, drug abuse, and other socio-economic factors”.

“These factors have been found to be indirectly responsible for the increasing incidences of terrorism and other forms of crimes.”

While also presenting the country’s statement on item 7 on Thursday, the NDLEA chief executive disclosed that “Nigeria notes with great concern the incidence of illicit financial flows, which go through the financial systems annually, particularly from developing to developed economies.

“To dissuade the perpetrators of this anomaly including financial institutions who act as enablers, state parties should ensure that illicit financial flows, when tracked, do not remain in the custody of enabling financial institutions but should be transferred into escrow account, preferably in development banks pending return to countries of origin.

“In this regard, we call for the implementation of the recommendations of the FACTI panel in support of asset recovery and the agenda 2030 for sustainable development.”


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