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From Molly Kilete, Abuja
Chief of Army Staff (COAS), Lt. General Waidi Shaibu, has solicited the support of the banking sectors in the country to strengthen efforts at disrupting terrorism financing and other illicit financial flows that threaten national security.
He said the call has become necessary as the financial sector remains a critical stakeholder in safeguarding national stability and supporting economic resilience.
Shaibu, also said that disrupting the financial lifelines of criminal networks remains a key component of Nigeria’s counter-terrorism and internal security strategy.
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The COAS made the call when the Group Managing Director and Chief Executive Officer (GMD/COE) of the United Bank for Africa (UBA), Mr Oliver Alawuba, paid him a visit at the Army Headquarters, Abuja.
He called on the UBA boss, to use his capacity as Chairman of the Body of Bank CEOs, to mobilise the banking industry towards enhancing financial surveillance and intelligence-sharing mechanisms capable of detecting and blocking suspicious transactions linked to terrorism, banditry, kidnapping, and other criminal activities.
Reiterating the commitment of the Nigerian Army to improving personnel welfare as a pillar of operational effectiveness and force readiness, the COAS, disclosed that the Army is partnering with UBA to develop structured mortgage schemes and other housing initiatives aimed at expanding homeownership opportunities for serving and retired personnel while complementing ongoing barracks infrastructure renewal efforts.
Earlier in his address during the visit, Alawuba, while reaffirming the commitment of the UBA to supporting the Nigerian Army through tailored financial solutions, including mortgage financing, support for military infrastructure projects, and welfare initiatives, pledged the bank’s assistance in facilitating efficient financial services for personnel deployed on international peace support operations.
