Africenterdev

The African Center wishes all colleagues, partners compliments of the season. #anticorruption #africancenter

Juliet IBEKAKU-NWAGWU representing the NBA Anti-Money Laundering Committee (NBAAMLC), held a strategic meeting with the GiZ project team Osore Opimbi Bassirou Ndiaye the NBA Headquarters on December 19, 2024. The discussions centered on fostering collaboration for the implementation of Nigeria’s ICRG Action Plan. Key highlights from the meeting included addressing gaps identified in the legal profession’s risk assessment, capacity building for legal officers, and formalizing the partnership to combat money laundering and terrorism financing. We look forward to a fruitful partnership to strengthen Nigeria's AML/CFT efforts. #NBA #GiZ #AML #ICRG

What is the UN Convention against Transnational Organized Crime (UNTOC) and why does it matter? This global convention is the ONLY legally binding framework for combating organized crime ⬇️ https://lnkd.in/djkVx6gu #StopOrganizedCrime

The Nigerian Bar Association Anti-Money Laundering Committee (NBA AMLC), in collaboration with the African Center and with support from ANEEJ Benin City today hosted a Hybrid Training Program for NBA Branch Executive Chairmen. The training equipped participants with the tools and knowledge needed to enhance compliance and ethical leadership within the legal sector. The program provided a comprehensive overview of the Rules of Professional Conduct (RPC), presented findings from the Risk Assessment Report (RAR) on money laundering risks, and outlined actionable recommendations to mitigate these risks. A key highlight of the event was the unveiling of the Anti-Money Laundering and Counter Financing of Terrorism Legal Sector Risk Assessment Report by the President of the Nigerian Bar Association, AFAM OSIGWE SAN, alongside members of the NBA Anti-Money Laundering Committee. This landmark report underscored the NBA’s unwavering commitment to strengthening Nigeria’s legal framework and aligning with international best practices to combat financial crimes. #AMLCompliance #LegalSector #ProfessionalConduct #EthicalLeadership

On December 9th, the Nigerian Bar Association Anti-Money Laundering Committee (NBA-AMLC) convened a joint planning session with the leadership of the Nigerian Bar Association (NBA) to chart a way forward in the fight against money laundering and illicit financial flows. The session focused on: 🔎 Presenting findings from the Risk Assessment Report on money laundering and illicit financial flows. 📋 Discussing actionable recommendations to enhance compliance and accountability within the legal profession. 🌍 Empowering state-level NBA members to lead the implementation of these critical reforms. Key presentations included: ➡️ Babajide Ogundipe, Co-Chairman of the NBA-AMLC, providing an overview of the Risk Assessment Report. ➡️ Balkisu Saidu, Secretary of the NBA-AMLC, outlining strategic recommendations to address the risks identified in the report. This collaborative effort is a significant step toward strengthening the legal profession's capacity to combat financial crimes and promote accountability across Nigeria. #AntiMoneyLaundering #LegalReform #IllicitFinancialFlows #NBA #AfricanCenter #Compliance #Accountability

Today, FATF President Elisa de Anda Madrazo addressed the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) Ministerial Committee in Freetown, Sierra Leone, congratulating GIABA on completing its second round of mutual evaluations and discussing her presidential priorities around financial inclusion and increased collaboration with the Global Network. “To ensure that the FATF reflects the challenges and realities that many of you experience here in West Africa, I recently invited Senegal to be part of a new ‘Guest Initiative’ programme.” #GIABA #FATF #AML #CFT #moneylaundering #terroristfinancing #proliferationfinancing #FollowTheMoney

NBA President Reaffirms Commitment to Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) at Zonal Workshops In partnership with the African Center for Governance and Asset Recovery, the NBA concluded its AML/CFT Legal Sector Risk Assessment Workshop in Abuja, empowering Nigeria’s legal professionals to combat financial crime. The NBA president AFAM OSIGWE SAN highlighted the balance lawyers must maintain between client confidentiality and preventing misuse of legal services for illicit activities. He outlined three core pillars: -Awareness and Capacity Building – equipping lawyers to recognize financial crime risks. -Regulatory Compliance – streamlining AML/CFT standards in partnership with regulatory bodies. -Collaboration with Authorities – enhancing ties with agencies like the EFCC and NFIU. Osigwe also announced the formation of an NBA AML/CFT Compliance Unit to support ongoing guidance. "Together, we can build a legal sector that stands as a model for ethical practice, resilience, and accountability," he affirmed. #AML #CFT #NigerianBarAssociation #LegalProfession #Ethics #Compliance #FinancialCrimePrevention #Nigeria For more information, please contact: info@africancenterdev.org

NBA President Reaffirms Commitment to Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) at Zonal Workshops In partnership with the African Center for Governance and Asset Recovery, the NBA concluded its AML/CFT Legal Sector Risk Assessment Workshop in Abuja, empowering Nigeria’s legal professionals to combat financial crime. The NBA president AFAM OSIGWE SAN highlighted the balance lawyers must maintain between client confidentiality and preventing misuse of legal services for illicit activities. He outlined three core pillars: -Awareness and Capacity Building – equipping lawyers to recognize financial crime risks. -Regulatory Compliance – streamlining AML/CFT standards in partnership with regulatory bodies. -Collaboration with Authorities – enhancing ties with agencies like the EFCC and NFIU. Osigwe also announced the formation of an NBA AML/CFT Compliance Unit to support ongoing guidance. "Together, we can build a legal sector that stands as a model for ethical practice, resilience, and accountability," he affirmed. #AML #CFT #NigerianBarAssociation #LegalProfession #Ethics #Compliance #FinancialCrimePrevention #Nigeria For more information, please contact: info@africancenterdev.org

The African Center for Governance, Asset Recovery, and Sustainable Development hosted a panel discussion on Countering Illicit Financial Flows (IFFs) in the Extractive Industry during the 12th session of the Conference of Parties to the United Nations Transnational Organized Crime (UNTOC). Moderated by Brook Horowitz, CEO of IBLF Global, the panel explored solutions to combat IFFs and promote sustainable development in Africa. Our founder Juliet IBEKAKU-NWAGWU, shared insights on the drivers of IFFs and the importance of addressing them, drawing from key case studies. godwin okpene, representing Orji Ogbonnaya Orji,PhD of NEITI (Nigeria Extractive Industries Transparency Initiative), highlighted that 30% of IFFs in Africa stem from Nigeria’s extractive sector, driven by discretionary licensing in the oil sector. Key recommendations included: •Strengthening asset recovery initiatives •Implementing FATF Recommendations on Anti-Money Laundering Standards •Adopting UN COSP Resolution 10/23 on Beneficial Ownership •Enforcing international AML standards and sanctioning financial secrecy jurisdictions Together, we can build a transparent, corruption-free extractive industry in Africa! #12THCOPUNTOC #IllicitFinancialFlows #Africancenter #extractiveindustries #anticorruption #goodgovernance #fightagainstcorruption #africa

📢 Notice of Zonal Workshops and Questionnaires for Legal Professionals on AML/CFT/PF Risk Assessments in Nigeria. The Nigerian Bar Association Anti-Money Laundering Committee (NBAAML Committee), in collaboration with the African Center for Governance, Asset Recovery and Sustainable Development (AC), is conducting an Anti-Money Laundering and Countering Financing of Terrorism and Proliferation Financing (AML/CFT/PF) risk assessment of the Legal Sector in Nigeria. These workshops are designed to strengthen the legal profession’s defenses against money laundering, terrorist financing, and proliferation financing while maintaining the integrity of our self-regulatory framework. Why Participate? ✅ ICLE credit points are available ✅Strengthen the profession's commitment to combating financial crimes ✅Contribute to a safer, more transparent legal environment 📅 Workshop Dates: 28th - 31st October, 2024 We'd like to encourage you to spare a few minutes to complete the questionnaire https://lnkd.in/dwGNwKmy and attend the workshops in your zone. Find more details here http://bit.ly/3Yknsep For more information, please contact: info@africancenterdev.org #AML #CFT #LegalProfession #FinancialCrimes #NBAAMLC #RiskAssessment #ZonalWorkshops