EFCC, DSS Commit to Stronger Collaboration in Fighting Corruption In Kwara
The Economic and Financial Crimes Commission (EFCC) and the Department of State Services (DSS) have reaffirmed their commitment to working closely in combating corruption, money laundering, and terrorism financing.
During a visit to the EFCC Ilorin Zonal Office on December 10, 2024, the Kwara State Director of DSS, Michael Oganwu, emphasized the importance of maintaining and strengthening the partnership between the two agencies. He described the visit as an effort to foster synergy in addressing financial crimes, stating, “The DSS and EFCC have a record of good collaboration, which I hope will be sustained. No single organization can fight these challenges alone.”
Responding, the Director of EFCC’s Ilorin Zonal Office, Harry Erin, highlighted the history of cooperation between the two agencies and expressed gratitude for the DSS’s support in intelligence and criminal tracking. He underscored the role of inter-agency collaboration in achieving success in their mandates.
On December 11, 2024, Erin met with the executives of the Real Estate Developers Association of Nigeria (REDAN), Kwara State Chapter, to address compliance with anti-money laundering regulations. He emphasized the need for real estate developers to adhere to the Money Laundering Act, 2022 (as amended), which requires that transactions above ₦5 million for individuals and ₦10 million for corporate organizations be conducted through financial institutions. He also encouraged them to register with the Special Control Unit Against Money Laundering (SCUML).
Erin reassured the developers that the EFCC’s objective is not to stifle business operations but to support legitimate enterprises while safeguarding the economy. He urged REDAN members to maintain accurate customer records and ensure compliance with financial regulations to avoid legal issues.
Chief Kamaldeen Abioye, Chairman of REDAN’s Kwara Chapter, commended the EFCC for its strides in tackling corruption and sought assistance in addressing the issue of land grabbers, which he said was a significant challenge for developers.
Both meetings underscored the importance of partnerships between law enforcement agencies and stakeholders in ensuring compliance and fostering economic growth while tackling corruption and financial crimes.
