Nigeria’s fight against Terrorism financing will soon receive a boost as a team from the UK Treasury Department paid an assessment visit to the Corporate Affairs Commission (CAC).
According to Rasheed Mahe, Head,media of the commission said this indication was given in Abuja at an In-country Assessment Meeting between the UK Department of Treasury (HMT) and the Corporate Affairs Commission.
The head of the assessment team Allison Kelly supported by Ian Collins said the meeting was aimed at evaluating performance, peer review and generate inputs that would lead to greater efficiency amongst others.
Allison Kelly revealed that the team held similar meetings with other relevant government agencies with a view to identifying areas needing intervention from the HMT.
During the meeting there were separate presentations from some CAC officials including the Director Compliance, Justin Nidia Biraol who spoke on the “Use of Legal Persons for Terrorism Financing, The Use of Beneficial Ownership Information to aid Terrorism Financing Investigations” and the Special Assistant to the Registrar General, Terver Ayua-Jor who dwelt on “Identifying Beneficial Ownership of Companies Involved or Used in Terrorism Financing”.
The Director Incorporated Trustees, Olutoyin Abe spoke on the “Registration of NGOs” and the Challenges associated with post incorporation while Ambrose Obeta, CAC’s Head of ICT highlighted some challenges and rolled out areas of possible collaboration and support from the vising HMT to enable the Commission operate at par with its global peers in the area of combating terrorism financing.
In his remark, the Registrar General of the Corporate Affairs Commission, Alhaji Garba Abubakar expressed delight over the visit which he said has huge potentials to enhance amongst others the Commission’s enforcement of Compliance related matters.
Represented by Mrs. Ifeoma Isaac, the Director Customer Service, Alhaji Garba Abubakar therefore pledged CAC’s support towards realizing objective of the meeting which is a follow up to a Workshop earlier held in the UK to discuss findings and address deficiencies noted in Nigeria’s fight against terrorism financing and proliferation financing.