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Cut off terror financiers, COAS urges banks

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The Chief of Army Staff, Lieutenant General Waidi Shaibu, has called on Nigeria’s banking sector to intensify efforts at disrupting terrorism financing and other illicit financial flows.

Shaibu warned that the financial industry is a critical line of defence in the country’s security architecture.

A statement on Monday by the Army’s spokesperson, Col. Appolonia Anele said Shaibu made the call while receiving the Group Managing Director and Chief Executive Officer of the United Bank for Africa, Oliver Alawuba, during a courtesy visit to the Army Headquarters, Abuja.

Describing the financial sector as a critical stakeholder in safeguarding national stability, the COAS urged Alawuba, in his capacity as Chairman of the Body of Bank CEOs, to mobilise the entire banking industry behind the effort.

“Nigeria’s banking sector must strengthen efforts at disrupting terrorism financing and other illicit financial flows that threaten national security.

“The financial sector is a critical stakeholder in

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