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AGF Calls for Use of Technology to Tackle Rising Illicit Financial Flows

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Illicit Financial Flows

By Adedapo Adesanya

The Attorney-General of the Federation and Minister of Justice, Mr Lateef Fagbemi (SAN), has said that Nigeria must use technologies to tackle illicit financial flows which pose a serious threat to the country which is facing rising cases of money laundering and terrorism

He called on member states of the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) to deploy modern technologies to combat illicit financial flows in the sub-region during his speech at the 2023 summit for Compliance Officers themed Intersection of Technology and anti-money laundering; combating of financing of terrorism and proliferation on Tuesday in Abuja.

Mr Fagbemi, who is also the Chairman of the GIABA Ministerial Committee, said member countries should prioritise the deployment of new technologies to address the threats.

In his remarks, the Director-General of GIABA, Mr Edwin Harris, said although technology offered new ways to prevent crimes related to money laundering and counter-terrorism financing, it also presents some challenges.

He said new technologies on anti-money laundering must reflect threats and opportunities, and be compatible with the international standards of data protection, privacy and cyber security.

According to him, this is important to promote the effective implementation of laws against money laundering, terrorism financing, and proliferation.

“We believe that in this era of rapid technological advancement, technology plays a major role in anti-money laundering and financing of terrorism and proliferation compliance and in strengthening the safety of the global financial system.

“The pace of technology has continued to advance significantly in recent years, bringing with it hosts of technologies such as data analytics and machine learning, which promise improved safety analytic compliance,” Mr Harris said.

In his remarks, Mr Tukur Mobibbo, the Director of the Nigerian Financial Intelligence Unit (NFIU), said countries and financial institutions should use technology to identify and assess money laundering terrorism financing risks.

Mr Mobibbo, who was represented by Mr Muhammad Jaya, Associate-Director, Analysis and Compliance Directorate of NFIU, said financial crimes are dynamic and across borders.

“In West African countries in terms of new technologies, only one country out of the seventeen countries have compliance, seven have partial compliance, and nine which is 52 per cent have no compliance with new technology.

“Globally, out of the ten most impacted countries in terms of terrorism and financing of terrorism, four are from West Africa.

“This is to underscore the importance of this great summit; we have continued to use technology to leverage technology in the coordination and fights against money laundering and terrorism financing,” he added.

According to him, Nigeria has deployed a crime record information system into more than 40 competent authorities in the country and is leveraging technology to fight woes in cryptocurrency transactions.

The summit was a platform for the participants to share experiences, and foster collaboration and cooperation in the use of technology to curb money laundering, terrorism financing, and its proliferation.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Nigeria to Benefit from $50m World Bank Solar Agric Project

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World Bank Solar Agric Project

By Adedapo Adesanya

The World Bank has approved $50 million for a solar agricultural expansion project in Nigeria and five other African countries.

The country will benefit from the programme under Productive Use Financing Facility (PUFF), a financial initiative backed by the World Bank and the African Development Bank (AfDB) designed to accelerate the adoption of solar-powered equipment in Sub-Saharan Africa.

PUFF operating under Mission 300, a flagship programme backed by the World Bank and AfDB, which aims to mobilise tens of billions of Dollars to provide electricity access to 300 million Africans by 2030.

The expansion of PUFF-backed solutions is expected to have significant implications for Nigeria’s agricultural value chain, particularly in tackling post-harvest losses driven by inadequate storage, unreliable electricity, and limited access to modern processing tools.

The project disclosed through programme updates involving the World Bank and its partners, including the Rockefeller Foundation, will boost productivity, cut post-harvest losses, and expand clean energy access.

The funding will support the deployment of solar-powered cold rooms, refrigerators, water pumps, and grain mills across Kenya, Nigeria, Ethiopia, Sierra Leone, Uganda, and the Democratic Republic of Congo, with implementation led by Clasp, a Washington DC-based non-profit organisation focused on energy efficiency and clean energy access.

The World Bank-backed initiative has attracted strong backing from development partners, with officials indicating that the programme could expand further as country-level implementation gathers pace.

The Rockefeller Foundation, which has already committed $12 million to the scheme, has signalled that additional resources may be deployed over time.

“There is always the ability to scale that up,” the President of the Rockefeller Foundation, Mr Rajiv Shah, said on January 15 during a visit to a solar-powered cold storage facility operated by SokoFresh in Nairobi.

“There’ll be more resources country by country as well,” Mr Shah added.

“We finance the innovations, the new projects and the new ideas that governments, the World Bank and others can then take to scale,” he said during a separate visit to a farm facility using solar-powered cold rooms for export-bound produce.

Sub-Saharan Africa remains the epicentre of global energy poverty, accounting for more than 80 per cent of the world’s population without access to electricity.

An estimated 600 million people in the region still live without reliable power, a gap that continues to constrain economic growth and limit productivity for farmers and small businesses.

PUFF is designed to bridge the affordability gap by providing grants, subsidies, and technical assistance to suppliers and distributors of solar-powered equipment.

The programme focuses on enabling these suppliers to reach rural and off-grid communities that are typically excluded from conventional financing.

Between 2022 and 2024, PUFF completed a two-year pilot phase, supporting 24 businesses across the six participating countries.

With the pilot phase completed, the programme is now transitioning into full-scale deployment, backed by fresh World Bank financing and philanthropic capital.

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Ekiti Expresses Readiness for Special Agro-Industrial Processing Zones

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Ekiti State map

By Adedapo Adesanya

The federal government has selected Ekiti State to participate in a Special Agro-Industrial Processing Zones (SAPZ) Phase Two Programme, an initiative supported by the African Development Bank (AfDB).

According to the Commissioner for Information in Ekiti State, Mr Taiwo Olatunbosun, the state’s inclusion in SAPZ Phase Two “is a clear acknowledgement of the government’s sustained efforts to reposition agriculture as a key driver of industrialisation, employment generation, and sustainable economic growth.”

“This programme will significantly enhance value addition, attract private sector investment, and improve livelihoods across Ekiti State,” he said.

He noted that the benefits of the SAPZ Programme would be far-reaching, with thousands of jobs expected to be created for young people, particularly in agro-processing and related industries.

The commissioner added that small and medium enterprises (SMEs) would also gain from strengthened value chains and improved access to new markets, thereby boosting their growth and contribution to the State’s economy.

“This initiative is not just about agriculture; it is about empowering our people especially our youth and SMEs to build sustainable livelihoods, improve food security, and drive Ekiti’s economic future,” he said.

“The state government is fully prepared to ensure the timely and effective implementation of the programme with the execution of Subsidiary Loan Agreements, establishment of a State Implementation Unit, compliance with environmental and social safeguards, such as compensation of Project Affected Persons at the Agro-Industrial Hub in Itapaji, as well as the opening of dedicated project accounts and preparation of procurement plans and annual work programmes.”

Mr Olatunbosun also disclosed that the SAPZ National Coordination Office has indicated plans to organize an onboarding workshop to provide technical guidance and support to participating states ahead of full implementation.

He reaffirmed Ekiti state’s readiness to collaborate closely with the Federal Government, development partners, relevant ministries, departments and agencies and the private sector to ensure the successful delivery of the SAPZ phase two programme.

The commissioner concluded that the programme aligns with Ekiti State’s broader vision of enhancing food security, strengthening agricultural value chains, and creating sustainable economic opportunities for its people, adding that the state remains committed to leveraging the initiative to drive inclusive growth and long-term prosperity.

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Alkali Tasks Onne Customs Officers on Professional Ethics

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Onne Customs Officers Professional Ethics

By Bon Peters

The Customs Area Controller of Port Harcourt 11 Command, Onne Port Harcourt Rivers State, Comptroller Aliyu Mohammed Alkali, has emphasized the importance of maintaining a positive attitude and professional conduct among officers in the discharge of their legitimate duties.

Speaking on Wednesday at a Reputation Management Cascade Training at Area 11 Command, the Onne customs chief stressed the importance of discipline and professionalism in the Nigeria Customs Service (NCS).

He emphasised that every employee of the agency is an ambassador of the NCS and has a role to play in shaping its reputation.

“Reputation management training is designed to equip the officers and men with a right attitude and professional ethical conduct that will portray the Nigeria Customs Service in a good light in the discharge of their duties.

“Our image is shaped daily by our actions, decisions and interactions with the public and the stakeholders,” he stated, reiterating that the knowledge gained from the engagement will enhance professionalism, ethical conduct and public trust amongst the officers and men.

He tasked them to take the training seriously, insisting that the knowledge gained will reinforce the service commitment, integrity, accountability and service excellence.

The training featured presentations from resource persons serving in the command such as Deputy Comptroller of Customs Abbas Oladepo, Chief Superintendent of Customs Dennis Gotar, and Chief Superintendent of Customs Akinwale Fatoki.

The facilitators spoke about modules drawn from the Nigeria Customs Service’s Reputation Management Guide and the Service’s Golden 7 Cs.

There was a question and answer section as participants were engaged actively and provided feedback by stating their key takeaways.

The training received positive reviews, with participants acknowledging its relevance to their roles.

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