The House of Representatives has called on the Federal Government to dismantle the financial networks supporting kidnapping, banditry and terrorism by strengthening financial intelligence and tightening oversight of Bureau De Change and Point-of-Sale operators.
The resolution followed a motion sponsored by Ademorin Kuye, urging stronger enforcement of anti-money laundering laws, closer coordination among security agencies and stricter monitoring of suspicious financial transactions linked to criminal activities.
Lawmakers also called for the prosecution of individuals facilitating ransom payments and urged the National Security Adviser to convene a national summit on disrupting criminal financing networks.