The adequacy of the legal framework for combating money laundering and terrorist financing in Nigeria

Purpose Banditry and terrorism constitute serious security risks in Nigeria. This follows the fact that Nigeria is rated as one of leading states world plagued by terrorism. Terrorists bandits usually embark on predicate crimes such kidnapping, smuggling, narcotics trade, similar trades to finance their terrorist enterprises The funds realized criminals from nefarious sources sales ransom kidnapping are laundered make criminal self-sustaining. Thus, all “dirty” money so not attract attention law enforcement agents. through receipt smuggling or sponsors channels bureau de change, which difficult monitor Nigerian authorities due, part, flaws loopholes current anti-money laundering anti-terrorist laws. paper aims adopt a doctrinal qualitative desktop research methodology. In this regard, laws discussed explore possible measures could be adopted remedy combat financing Design/methodology/approach article analyses regulation combating activities method used recommend remedies respect thereof. Findings It hoped policymakers other relevant persons will use recommendations provided enhance curbing Research limitations/implications based empirical research. Practical implications study important vital policymakers, lawyers, students regulatory bodies countries globally. Social seeks curb Originality/value original focused