EFCC WARNS NON-PROFIT ORGANIZATIONS ABOUT MONEY LAUNDERING AND TERRORISM FINANCING
The Economic and Financial Crimes Commission (EFCC) has advised Northeast Non-Profit Organizations (NPOS) against money laundering and terrorism financing.
At a workshop in Maiduguri, the capital of Borno State, the EFCC's Special Control Unit against Money Laundering, SCUML, met with NPOS in the region.
Daniel Isei, Director of SCUML, spoke to the participants on the report "Risk Assessment of the Non-Profit Organizations Sector in Nigeria."
The document, which is the result of discussions with important stakeholders, presents a road map for how NPOS can protect themselves from risks.
"Some NPOs are at a higher risk than others because the area of operation is not the same. The report is for us to digest, see the findings, and how they affect us," Isei said.
Recognizing the importance of NPOS in humanitarian activities, Isei charged them with ensuring that their enterprises are not utilized as conduits for terrorism financing.
The official stated that SCUML visits did not indicate the finding of any wrongdoing, and that the agency has a statutory obligation to monitor the organizations.
He explained that the visits aim to ensure that systems are in place to prevent any type of breach or wrongdoing.
Oshodi Johnson, EFCC Maiduguri Zonal Commander, recommended the organizations to be fully devoted to their mission and to avoid behaviors that violate Nigerian laws.
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