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From left, Daniel Thelesklaf, Egmont Group Vice Chairman; Dr. Mohammed Bello of Egmont Group Secretariat Ottawa; Dr Ibraheem Adam, Director of Finance and Administration, NFIU; Dr. Muhammad Jiya, Chief Operating Officer, Emerging Technologies and Innovation, NFIU; Hafsat Ababukar Bakari, Chief Executive Officer, NFIU; Giles Thompson, FATF President; Elzbieta Frankow-Jaskiewicz, Egmont Group Chair; Felix Obiamalu, General Counsel, NFIU; Mohammed Shahid Ahmed, Egmont Group Vice Chair; Moses Azege, Division Head, Other Financial Institutions, NFIU and Dr. Nnanyelugo Aham-Anyanwu, Head of Technology Platform Department, NFIU
… Bakari, NFIU CEO, says recognition is a proud moment for Nigeria
NIGERIA has once again demonstrated its global influence in the fight against financial crime, securing one of the most prestigious recognitions in the international financial intelligence community.
At the 32nd Egmont Group Plenary of Heads of Financial Intelligence Units (FIUs) held in Baku, Azerbaijan, which was attended by the new FATF President, Mr. Giles Thompson, Nigeria was awarded the UNODCWorld BankEgmont Group Stolen Asset Recovery (StAR) Initiative Award.
This distinction is reserved for outstanding cases that exemplify innovation, international cooperation, operational effectiveness and measurable impact in combating money laundering and other serious financial crimes.
The award-winning case demonstrates how timely financial intelligence, professional analysis, effective inter-agency cooperation and international collaboration can support successful investigations, asset recovery and the pursuit of justice.
The NFIU’s intelligence played a critical role in supporting the investigation conducted by the Economic and Financial Crimes Commission (EFCC), showcasing the complementary roles of intelligence and law enforcement.
The StAR award, established under the Egmont Group of Financial Intelligence Units, is regarded as one of the highest operational honours within the global financial intelligence community. It celebrates cases in which the exchange and analysis of financial intelligence have significantly advanced investigations, disrupted illicit financial networks, and strengthened international cooperation among member FIUs.
For Nigeria, the award represents far more than a trophy. It is a powerful validation of the countrys world-recognised capacity to generate actionable financial intelligence, foster inter-agency collaboration and secure meaningful recovery of illicit asset.
Reacting to the development, the Chief Executive Officer of the NFIU, Hafsat Abubakar Bakari, said this recognition by the Egmont Group is a proud moment for Nigeria and a powerful affirmation of the quality, professionalism and impact of our financial intelligence architecture.
The Stolen Asset Recovery (StAR) Initiative Award demonstrates what is possible when intelligence is effectively analysed, securely shared and transformed into operational outcomes that disrupt illicit financial networks and recover assets for the public good. It also reflects Nigerias contribution to global efforts against money laundering, terrorism financing and other serious financial crimes.
Industry observers note that the success of the award-winning case underscores the critical role that cooperation plays in modern financial crime investigations, particularly in an era where illicit funds move rapidly across borders and through increasingly sophisticated channels.
The recognition highlights the strength of the partnership between EFCC and NFIU, two institutions whose complementary mandates stand as important pillars of Nigerias anti-money laundering and counter-financing of terrorism architecture.
I wish to particularly commend the Executive Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, and the dedicated officers of the EFCC for their unwavering commitment to collaboration and excellence. This award affirms the strength of inter-agency cooperation in Nigeria. The partnership between the NFIU and the EFCC continues to demonstrate that when institutions work together with a shared purpose, they can achieve outcomes that earn global recognition and deliver tangible results in the fight against financial crime,” Bakari added.
Hafsat Bakari also congratulated the entire staff of the NFIU as well as all the reporting entities, particularly, which continue to support the NFIU by providing timely financial reports.
The Egmont Group, which brings together Financial Intelligence Units from across the world, serves as the premier platform for secure intelligence exchange and operational collaboration among FIUs. Today, it represents one of the most important international networks supporting efforts to combat money laundering, terrorism financing and related predicate offences.
Nigerias latest achievement comes at a time when the country is intensifying reforms aimed at safeguarding the integrity of its financial system and strengthening compliance with international standards. The award signals growing confidence among international partners in Nigerias ability to produce high-quality financial intelligence and translate it into tangible enforcement outcomes.
Beyond the institutions directly involved, the honour is also a recognition of the broader ecosystem of stakeholders that support financial crime investigations in Nigeria, including law enforcement agencies, prosecutors, regulators, reporting entities and international partners whose cooperation often proves indispensable in complex cross-border cases.
As delegates from more than 186 Financial Intelligence Units gathered in Baku to discuss emerging threats, technological innovations and the future of financial intelligence, Nigerias success story stood out as a compelling example of how effective collaboration can deliver results with global significance.
In a world where financial crime continues to evolve in scale and sophistication, the UNODCWorld BankEgmont Group Stolen Asset Recovery (StAR) Initiative Award serves as an affirmation that Nigeria is not merely participating in the global fight against illicit finance, it is helping to shape it.
The recognition also reinforces an important truth: when intelligence is effectively analysed, shared and acted upon, it becomes one of the most powerful tools for protecting the integrity of the global financial system.
According to the NFIU Chief Executive, while Nigeria celebrates this achievement, the nation also recognises it as a responsibility. “Financial crime is becoming increasingly complex, transnational and technology-driven. This award strengthens our resolve to continue investing in intelligence-led approaches, deepen cooperation with domestic and international partners, and ensure that Nigeria remains at the forefront of efforts to protect the integrity of the global financial system,” she stated.
For Nigeria, the award is both a celebration of achievement and a call to sustain the momentum, strengthening partnerships, deepening expertise and continuing to demonstrate that excellence in financial intelligence can translate into real-world impact.
F.O
Tags: collaboration NFIU Nigeria Egmont Group international award