Registrar General Corporate Affairs Commission. Alhaji Garba Abubakar

In a bid to further strengthen Nigeria’s fight against corruption and terrorism financing, the Corporate Affairs Commission (CAC) and the Nigerian Financial Intelligence Unit (NFIU) have resolved to reinvigorate their collaboration.

The resolution was reached during a visit to the CAC by the Director and CEO NFIU, Modibbo R. Hamman Tukur today in Abuja.

Direct General NFIU Modibbo R. Hamman Tukur

The Registrar General and CEO CAC, Alhaji Garba Abubakar described the engagement as very apt and will go a long way in strengthening the Commission’s regulatory oversight.

Garba Abubakar immediately approved NFIU’s request to gain more real time access to the CAC data base to ensure effective discharge of its responsibilities.

He went further to call for more frequent engagements between the two agencies.

Speaking earlier, the Director and CEO Nigerian Financial Intelligence Unit NFIU, Modibbo R. Hamman Tukur described CAC as its number one partner as their relationship dates back to 2005.

Hamman Tukur described the assent of CAMA, 2020 by President Muhammadu Buhari as a great boost to the fight against terrorism financing and revealed that upon its implementation the NFIU had been making huge gains in that direction.

He added that several monies pumped into terrorism financing were being tracked and series of arrests were equally being made.

The NFIU boss therefore reaffirmed his commitment to realizing the mandate of the agency and called on the CAC to continue to support them in that direction.

The Nigerian Financial Intelligence Unit is 50% owned by the Federal Government and 50% owned by 170 other countries around the globe, Hammar Tukur said.