Odimmegwa Johnpeter/Abuja
The Managing Director and Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON), Mr. Gbenga Alade has paid a courtesy visit to the Chief Executive Officer of the Nigeria Financial Intelligence Unit (NFIU), Mrs. Hafsat Abubakar Bakari, at the NFIU Headquarters in Abuja as part of efforts to strengthen collaboration on asset tracing and recovery in Nigeria.
The meeting focused on deepening cooperation between the two institutions in addressing non-performing loans, enhancing asset recovery mechanisms, and promoting greater accountability within Nigeria’s financial system.
Speaking during the engagement, Alade underscored the importance of stronger institutional synergy between AMCON and the NFIU, noting that effective collaboration would significantly improve the recovery of distressed assets and contribute to strengthening financial discipline across the country.
According to him, closer cooperation between both agencies is essential to ensuring that financial assets linked to indebted entities are effectively traced, monitored, and recovered in accordance with extant laws and regulations.
He further stressed that improved information sharing and coordinated actions among relevant institutions would support ongoing efforts to safeguard the nation’s financial system and promote economic stability.
In her remarks, the Chief Executive Officer of the NFIU, Mrs. Hafsat Abubakar Bakari reaffirmed the agency’s commitment to supporting lawful financial intelligence-sharing in line with Nigeria’s anti-money laundering, counter-terrorism financing, and data protection frameworks.
Bakari emphasized the critical role of collaboration among competent authorities in protecting the integrity of Nigeria’s financial system and ensuring that illicit financial activities are effectively detected and addressed.
She noted that the NFIU remains committed to working closely with strategic partners such as AMCON to strengthen financial transparency, improve compliance with regulatory standards, and enhance confidence in Nigeria’s financial ecosystem.
The NFIU boss further stated that robust cooperation among financial and regulatory institutions is vital to combating financial crimes, supporting asset recovery efforts, and fostering a more resilient financial sector.
The visit reflects ongoing efforts by both organisations to deepen institutional partnerships aimed at improving asset tracing, enhancing financial intelligence capabilities, and promoting accountability within Nigeria’s financial system.
Industry stakeholders believe that stronger collaboration between AMCON and the NFIU will further reinforce Nigeria’s efforts to tackle financial misconduct, recover distressed assets, and strengthen the overall integrity and stability of the nation’s economy.
The partnership is also expected to support broader national objectives of improving financial governance, encouraging responsible financial practices, and safeguarding public confidence in the country’s financial institutions.
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