“China Pledges Support to Nigeria in the Battle Against Money Laundering”

Babatunji Wusu –

Nigeria and China have announced a major boost to their collaboration on financial intelligence, aiming to strengthen efforts to combat money laundering and other financial crimes within Nigeria.

This agreement, unveiled after a meeting between President Bola Tinubu and President Xi Jinping on September 3, underscores a commitment to enhancing the integrity of Nigeria’s financial and foreign exchange markets. The joint statement highlights the two nations’ dedication to supporting Nigeria’s strategic position in West Africa and advancing flagship projects that promote cross-national and cross-regional cooperation.

Additionally, the statement reveals plans to deepen infrastructure connectivity between Nigeria and China. China has pledged to actively support Nigeria’s infrastructure development, including investments in transportation, ports, and free trade zones. This partnership aims to foster integrated development and enhance connectivity across industries in both countries.