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The United Kingdom and Nigeria have signed a landmark agreement to combat financial crime and transnational fraud. The Memorandum of Understanding (MoU) and coordinated Action Plan were signed by UK Minister for Fraud, Lord Jonathan Hanson; Nigeria’s Attorney General and Minister of Justice, Lateef Fagbemi; and National Security Adviser, Nuhu Ribadu.
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The agreement aims to bolster intelligence sharing, facilitate joint investigations, and enable coordinated law enforcement actions targeting sophisticated fraud networks that operate across borders. Lord Hanson described the deal as a significant step forward in tackling the global threat of financial crime, saying, “More than 70 per cent of fraud affecting the UK involves international actors. This new agreement with Nigeria strengthens our ability to stop fraud before it starts, bring perpetrators to justice, and protect citizens in both countries.”
The partnership will involve collaboration between the UK’s National Crime Agency (NCA) and Nigeria’s Office of the National Security Adviser (ONSA), joint enforcement operations, and enhanced regulatory cooperation across finance, telecoms, and digital sectors. Joint training initiatives will also be launched, including specialized support for Nigerian prosecutors from the UK’s Serious Fraud Office
National Security Adviser Nuhu Ribadu welcomed the accord, stating, “We are building on past cooperation to confront evolving threats with renewed urgency—disrupting enablers, supporting victims, and ensuring perpetrators are held accountable.”
The agreement builds on the foundation laid by the UK-Nigeria Fraud Dialogue, launched in November 2024. According to the UK’s Crime Survey for England and Wales, fraud remains a prevalent offence, with over 4.1 million cases reported in 2024, costing victims an estimated £6.8 billion.
Director of Fraud at the NCA, Nick Sharp, emphasised the importance of international collaboration, saying, “Fraud is borderless. By sharing intelligence and executing joint operations, we will strengthen our global defences and bring fraudsters to justice wherever they are.”
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Jonathan Nwokpor
