By Ibrahim Danladi

The House of Representatives Committee on Financial Crimes has reaffirmed its commitment to eradicating terrorism financing and money laundering in Nigeria. Chairman Hon. Ginger Obinna made this pledge during the committee’s inaugural meeting held at the National Assembly Complex in Abuja on Tuesday.

During the meeting, Chairman Obinna issued a stern warning to all individuals enabling financial crimes and criminal activities in the country. He assured that the committee would swiftly employ legal strategies against them. The committee expressed confidence in its ability to address the inherent challenges of financial crimes in Nigeria and emphasized its determination to ensure that corruption no longer thrives in the country.

In his presentation, Chairman Obinna emphasized the committee’s readiness to implement fundamental strategies and policies to safeguard the nation’s financial system for the benefit of Nigeria and its citizens. He commended his colleagues for their dedication, resilience, and pursuit of justice in the face of complex challenges, including financial crimes, illicit financial flows, terrorism financing, advance fee fraud, 419 scams, and cybercrimes.

Addressing his fellow lawmakers, Obinna highlighted the importance of their collective wisdom and collaboration in shaping effective strategies and policies. He praised their commitment to transparency, fairness, and accountability, setting high standards for the committee’s work. He expressed confidence that their combined efforts would make a significant impact on society, ensuring that those engaged in financial crimes and criminal activities are held accountable and brought to justice.

The committee’s jurisdiction will cover oversight of the Economic and Financial Crimes Commission (EFCC), monitoring agencies involved in detecting financial crimes, money laundering, and advance fee fraud. It will also oversee organizations, agencies, and institutions established by law on financial crimes and their annual budget estimates.

Chairman Obinna expressed optimism about the future, appreciating the privilege of serving alongside exceptional individuals. He concluded by pledging an effective open-door policy, ensuring the active involvement of everyone in the committee’s endeavors.