In a bold move to combat rising insecurity and banditry in Nigeria, the Economic and Financial Crimes Commission (EFCC) has pledged to disrupt terrorist financing networks by monitoring banking transactions and cutting off funds to bandits.

EFCC Chairman, Ola Olukoyede, made this commitment at the 2024 Annual Civil-Military Conference organized by Civil-Military Cooperation (CIMICO) at the National Defence College, Abuja.

Olukoyede emphasized that corruption breeds poverty, which drives jobless individuals to embrace recruitment into banditry, kidnapping, and terrorism. By blocking illicit funds, the commission hopes to reduce the financial incentives for these criminal activities.

The EFCC will work closely with the armed forces to achieve this goal, monitoring the flow of funds, especially in the banking sector, to ensure that illicit money doesn’t get into the hands of bandits, kidnappers, and terrorists.

The conference brought together stakeholders from various sectors to forge solutions to insecurity and promote national development, with speakers emphasizing the need for a concerted effort to address the menace of insecurity.

The Minister of State for Police Affairs, Imaan Sulaiman Ibrahim, called for a collective effort from all Nigerians to address insecurity, while the Commandant of the National Defence College, Rear Admiral Olumuyiwa Morakinyo Olotu, noted that the conference seeks to develop implementable strategies to tackle insecurity and promote national development.

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The conference convener, Adams Otakwu, emphasized the need for genuine civil society organizations to promote patriotism and accountability, urging them to engage in productive ventures rather than fraudulent activities.