• About
  • Advertise
  • Careers
  • Contact Us
Thursday, June 26, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Economy Finance

Financial Crimes Costs Every Nigerian Estimated N35,000 Yearly . UK, Nigeria Launch #ProtectWhatsYours Campaign

by Yinka Okeowo
June 30, 2022
in Finance
0
UBA
Advertisements

The UK Government is extending its partnership and support to the Nigerian Government, civil society and media, to launch the #ProtectWhatsYours campaign, which aims to raise awareness of illicit finance.

Illicit finance is an umbrella term, which includes but is not limited to illegal financial activity such as cyber-crime, money laundering, terrorist financing, corruption and bribery.

The campaign, which will be seen on TV and online highlights the detrimental and long lasting effects that illegal financial activity is having on communities and on Nigeria’s entire economy.

It is estimated that illicit financial crimes costs every Nigerian 35,000 Naira for each year of their life, and robs the population of $18billion annually. 

Financial crime directly impacts upon the development and economic growth of Nigeria, with the monies lost each year being diverted away from key areas for sector growth; including infrastructure, technology, and the health and education sector.

The #ProtectWhatsYours campaign seeks to encourage Nigerians to recognise and report financial crime in their immediate environment, and calls on Nigerian diaspora to report from around the world, where assets could be located.

illicit financial crimes - #ProtectWhatsYours Campaign
Advertisements
MTN ADS
#ProtectWhatsYours Campaign

Illicit finance and associated crimes do not recognise borders, which is why the campaign is necessary  to empower citizens to report suspected financial criminals to the relevant authorities both at home, and to go one step further to encourage reporting from around the world.

British High Commissioner, H.E. Catorina Laing CB, said:

“It is important we understand the direct harms that illicit finance causes, this is a crime that affects every citizen of Nigeria. The #ProtectWhatsYours campaign aims to demonstrate these harms and encourage reporting to the relevant agencies. This will help to continue the excellent work in investigating the individuals who are involved in illicit finance, whether this be the professional enablers who facilitate money laundering or those directly involved in corruption, tax avoidance, bribery and other crimes. The UK has partnered to deliver this innovative Prevent campaign and we thank all agencies, civil society groups and media organisations who collaborated to deliver the films and content. This is another excellent example of UK/Nigeria co-operation in tackling illicit financial crime.”

illicit financial crimes - #ProtectWhatsYours Campaign
#ProtectWhatsYours Campaign

Andrew Clowes Illicit Finance Lead, FCDO in Nigeria, said:

“This is an innovative project which has brought together Nigeria’s government agencies, civil society and media organisations who have collaborated to produce the key messages in this campaign. Illicit finance is a crime which cuts across all sectors of Nigeria’s society and directly impacts on the development and growth of the country. It is a crime which costs the country $18billion dollars per year.  These figures are staggering. Citizens need to understand the direct impact this crime has on them and their families, and should be bold to report those they believe are involved in these crimes.”

Each year thousands of people in Nigeria are arrested for committing financial associated crimes.

illicit financial crimes - #ProtectWhatsYours Campaign
#ProtectWhatsYours Campaign

It is hoped that this campaign will help to reduce criminal activity even further. Tracing and recovering of stolen assets is key to the campaign message, and increased reporting will support Nigeria’s anti- crime agencies to locate and retrieve assets.

The #ProtectWhatsYours sensitisation campaign comprises of a series of short video animations will air on the digital platforms of media agencies such as The Premium times, International Centre for Investigative Reporting and Paradigm Initiative, from Thursday 30 June 2022, and will air nationally across the NTA and Channels network, from Monday 4 July 2022.

Loading

Author

  • Yinka Okeowo
    Yinka Okeowo

    View all posts
0Shares
Tags: #ProtectWhatsYours Campaignillicit financial crimes
Yinka Okeowo

Yinka Okeowo

Next Post

Gurbhej Dhillon Joins Flutterwave from Goldman Sachs as New CTO

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Africa Credit Expo 2023, KeyAnder Early

Africa Credit Expo 2023: Insights from KeyAnder Early on ‘How Money Works’

2 years ago

Visa, Flocash Partner to Promote Digital Capabilities for African SMEs

3 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.