Lieutenant General Waidi Shaibu, Nigeria's Chief of Army Staff, called on the country’s banking industry to strengthen efforts aimed at disrupting terrorism financing and other illicit financial flows.
ARMY CHIEF’S DEMAND
He urged banks to enhance financial surveillance and intelligence-sharing mechanisms capable of detecting and blocking suspicious transactions linked to terrorism, banditry, kidnapping and other criminal activities, according to Nairametrics and other Nigerian media.
He said disrupting the financial lifelines of criminal networks remains a key component of Nigeria's counter-terrorism and internal security strategy.
The call was made on 8 June during a courtesy visit to Army Headquarters in Abuja by UBA Group Managing Director Oliver Alawuba, who chairs the Body of Bank CEOs.
UBA PARTNERSHIP
The Army said it was working with UBA on structured mortgage schemes and housing initiatives to expand homeownership for serving and retired personnel, alongside the renewal of barracks infrastructure. Alawuba reaffirmed UBA's commitment to providing tailored financial solutions, including mortgage financing and support for military infrastructure and welfare, and pledged to help facilitate financial services for personnel deployed on international peace support operations.
Sources: Nairametrics; Nigerian Tribune; The Guardian (Nigeria)