The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr Musa Adamu Aliyu has emphasised the critical role of the media in combating money laundering and terrorism financing, describing it as an indispensable partner in safeguarding Nigeria’s economic integrity and democratic institutions.
The ICPC Chairman made this known at the National Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Media Outreach, organised by the Nigerian Financial Intelligence Unit (NFIU) in collaboration with the Intergovernmental Action Group Against Money Laundering in West Africa (GIABA), held in Abuja.
His remarks were delivered by the anti graft’s Head of Media and Public Communications, John Odey.
Dr. Aliyu noted that money laundering and terrorist financing remain among the most destabilising threats to national security and economic stability, stressing that their far-reaching consequences erode public trust, distort markets and deprive citizens of resources meant for development.
He observed that the evolving nature of financial crimes, driven by advancements in digital technology, social media and artificial intelligence, has made detection more complex, as criminal networks increasingly exploit anonymity and speed to move illicit funds across borders.
The ICPC Chairman, however commended the NFIU for deploying advanced analytics and real-time transaction monitoring systems, noting that such technology-driven approaches are essential to staying ahead of financial criminals.
“The media must go beyond information dissemination to intentionally promote anti-corruption ideals and financial integrity. Investigative journalism, public interest programming and responsible reporting are vital tools for exposing illicit financial flows and deterring wrongdoing,” he said.
He further highlighted that corruption and money laundering are deeply interconnected, requiring a whole-of-society approach in which the media serves as an active and strategic partner.
Also speaking, the Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), Hajia Hafsat Abubakar Bakari, underscored the shared responsibility between Journalists and financial intelligence institutions in serving the public interest.
She noted that beyond information sharing, both professions are united by a common goal of uncovering hidden financial networks and ensuring transparency.
“Journalists turn the light of truth on critical issues, while we trace financial flows to ensure that illicit networks do not operate in the shadows. This partnership is essential in strengthening accountability and responsible governance,” she said.
Also, the Director-General of GIABA, Edwin W. Harris Jr. who spoke through Timothy Melaye, emphasised that the Media remains a vital stakeholder in the regional fight against money laundering and terrorist financing.
He noted that GIABA, as a specialised institution of ECOWAS, is mandated to promote compliance with international AML/CFT standards, including the Financial Action Task Force (FATF) recommendations, while taking into account regional peculiarities.
“The fight against financial crimes cannot succeed without the media. Journalists must enhance their understanding of AML/CFT issues and communicate them using accurate and accessible language to the public,” he said.
He added that the initiative would foster a regional network of Journalists dedicated to reporting economic and financial crimes, thereby strengthening information dissemination and public awareness.
The Minister of Information and National Orientation, Mohammed Idris, represented by Dr. Dili Ezughah, Executive Secretary, Nigeria Press Council, reaffirmed the Federal Government’s commitment to tackling corruption and financial crimes, noting the central role of the media in shaping national discourse.
“The media is not just a bystander but a powerful force in shaping national discourse and educating citizens on the dangers of money laundering and terrorist financing,” he said.
He noted that Nigeria has strengthened its financial architecture through improved monitoring systems, enhanced inter-agency collaboration and strategic partnerships aimed at tackling both domestic and transnational financial crimes.
While acknowledging the challenges faced by the media, including the technical complexity of AML/CFT reporting as well as safety and ethical concerns, he called for sustained collaboration between government and media organisations, alongside continuous training and capacity building.
Also, the Attorney-General of the Federation and Minister of Justice, Prince Lateef Olasunkanmi Fagbemi who was represented by Olubunmi Ikupolati, highlighted the strategic role of the media in safeguarding national security and promoting economic stability.
“The Federal Government remains resolute in strengthening AML/CFT frameworks through enhanced intelligence-sharing, inter-agency collaboration and institutional support,” he said.
He emphasised that beyond legal frameworks, public awareness remains critical in tackling financial crimes, noting that a well-informed citizenry is better equipped to identify and report suspicious activities.
The outreach programme brought together Media professionals, regulators and key stakeholders, providing a platform to strengthen collaboration, enhance capacity and deepen public understanding of AML/CFT issues in Nigeria.
Participants expressed optimism that the engagement would serve as a catalyst for more impactful reporting and a stronger, united front in the fight against financial crimes.
(Editor: Ken Eseni)
