About IMCThe Nigerian Inter-Ministerial Committee (IMC) on AML/CFT was created and inaugurated in 2008 pursuant to the resolution of GIABA at its 6th GIABA AD HOC Ministerial Committee meeting held in Accra on 7th May, 2008 where the guidelines for the establishment of National Inter-Ministerial Committees was adopted. The underlying principle for the creation of the IMC is to establish a coordinating mechanism to ensure the implementation of a robust AML/CFT regime. The Committee operates autonomously and is guided in its duties by the IMC Charter.
The main functions of the IMC are the coordination of MDAs to implement effective measures to counter Money Laundering and Terrorist Financing; ensuring effective information sharing among stakeholder MDAs; enhancing and strengthening effective implementations of AML/CFT measures and enhancing effective cooperation on the implementation of AML/CFT measures among neighboring countries.
The IMC is Chaired by the Honorable Attorney General of the Federation, and co-Chaired by the Ministers of Finance and Interior with the Nigerian Financial Intelligence Unit (NFIU) as the Secretariat. The Chairman is responsible for keeping the Federal Executive Council (FEC) up to date on the Committee's activities.