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    MarketForces Africa » MarketForces News » Nigeria Tasks AU on Tackling Illicit Funds Fuelling Terrorism in Africa

    Nigeria Tasks AU on Tackling Illicit Funds Fuelling Terrorism in Africa

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJuly 22, 2026 News No Comments3 Mins Read
    Nigeria Tasks AU on Tackling Illicit Funds Fuelling Terrorism in Africa
    Amb. Bianca Odumegwu-Ojukwu, Nigerian Minister of Foreign Affairs
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    Nigeria Tasks AU on Tackling Illicit Funds Fuelling Terrorism in Africa

    Nigeria has urged the African Union (AU) to tackle illicit funds that fuel terrorism and violent extremism on the continent.

    This is in a statement issued by Dr Magnus Eze, Special Assistant on Communication and New Media, Office of the Honourable Minister of Foreign Affairs, on Tuesday in Abuja.  

    The Minister of Foreign Affairs, Amb. Bianca Odumegwu-Ojukwu, made this call on the margins of the 1354th Meeting of the Peace and Security Council (PSC) of the AU at the ministerial level.

    The meeting was virtually presided over by Haruna Kasolo, Acting Minister of Foreign Affairs of Uganda and Chairperson of the PSC for July 2026.

    Odumegwu-Ojukwu attributed the major obstacle hindering progress made in the fight against terrorism in Africa to access to illicit funds, saying such facilitated the recruitment of youths and procurement of lethal weapons by terrorist groups.

    “We call on the PSC to stress the need for stronger international cooperation in preventing, tracing, recovering, and returning proceeds of illicit financial flows from safe havens to countries of origin.”

    She said that terrorist groups on the continent were beginning to show greater resilience against conventional military counter-terrorism operations in Africa.

    Nigeria, she said, strongly condemned all acts of the twin-evils of terrorism, violent extremism and extended the country’s solidarity with all victims of the menace.

    Odumegwu-Ojukwu expressed appreciation for the sacrifices of the armed forces, who continued to confront terrorists operating on the continent on a daily basis.

    However, she stressed that the spread of terrorism and violent extremism within the West African Region had been adduced as justification for the intervention of military adventurists to change democratically elected Governments in their countries unconstitutionally.

    “They are increasingly acquiring and deploying commercially available technologies, such as drones and other sophisticated digital platforms.

    “They are also having what seems to be unhindered access to illicit financing through kidnapping for ransom and mining of precious minerals in territories where they operate,” she said.

    She decried challenges confronting the AU in determining the best way to curtail the operational freedom of jihadist groups on the continent, while reiterating the need for commitment to the 2022 Malabo Extraordinary Summit on Counter Terrorism

    Also those made by Member States during the High-Level African Counter-Terrorism Meeting, held in Abuja, in 2024.

    Odumegwu-Ojukwu called on international partners to affirm zero tolerance for terrorism regardless of the motives by taking appropriate measures to prevent non-state actors from acquiring arms, ammunition, drones and other sophisticated weapons manufactured by companies in their territories. #Nigeria Tasks AU on Tackling Illicit Funds Fuelling Terrorism in Africa#

    Nigerian Stock Market Expands by N849bn on Tier-1 Banks Rally

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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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