UNODC - United Nations Office On Drugs And Crime

Published purpose

This project aims to address complex issues related to illicit financial flows fueled by the rise in revenue associated with mineral-related organized crime in Nigeria. It seeks to reduce security threats in Nigeria stemming from money laundering and terrorism financing (ML/TF) driven by revenue associated with mineral-related crime. Project activities include: (1) facilitating domestic cooperation with relevant authorities; (2) collecting data and developing roadmaps on the practices of criminal and armed groups operating in the mining sector; (3) organizing awareness-raising workshops on ML/TF risks; (4) developing national Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) risk-based supervisory roadmaps in collaboration with licensing authorities; (5) delivering training workshops for Nigerian Financial Intelligence Unit (NFIU) analysts and others relevant agencies; (6) delivering training workshops on intelligence collection and analysis in the context of mineral-related crime and ML/TF; (7) delivering workshops on parallel financial investigations on mineral supply chains; (8) delivering specialized advanced workshops on identification of ML/TF techniques (trade-based money laundering, forensic accounting, etc.) for law enforcement, FIUs and prosecution authorities responsible for investigating and prosecuting mineral-related crimes; and (9) facilitating international and regional working groups for law enforcement, customs and intelligence agencies.