Chief of Army Staff urges banks to disrupt terrorism financing, discusses military welfare with UBA
via Punch Nigeria2 min read
Lieutenant General Waidi Shaibu, the Chief of Army Staff, has called on Nigeria's banking sector to strengthen efforts against terrorism financing and illicit financial flows. During a courtesy visit from Oliver Alawuba, Group Managing Director and Chief Executive Officer of United Bank for Africa, Shaibu emphasized the financial industry's critical role in national security. He urged Alawuba, in his capacity as Chairman of the Body of Bank CEOs, to mobilize the banking industry to enhance financial surveillance and intelligence-sharing to detect and block suspicious transactions related to terrorism, banditry, and kidnapping. Shaibu also discussed military personnel welfare, revealing a partnership with UBA for mortgage schemes and housing initiatives for soldiers. Alawuba reaffirmed UBA's commitment to supporting the Nigerian Army with tailored financial solutions, including mortgage financing and assistance for military infrastructure projects and personnel welfare. The meeting highlighted efforts by Nigeria's military leadership to build private sector partnerships to address security and welfare challenges.
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This summary was AI-generated from a story originally published by Punch Nigeria.
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