The United Kingdom and Nigeria have signed a new Memorandum of Understanding (MoU) and Joint Action Plan to intensify the fight against fraud and financial crime. The agreement, formalized in Abuja, aims to strengthen intelligence sharing, conduct joint investigations, and enhance regulatory coordination between the two nations.
The UK Minister for Fraud, Lord Hanson, Nigeria’s Attorney General and Minister of Justice, Lateef Fagbemi (SAN), and National Security Adviser Nuhu Ribadu signed the pact during a high-level meeting.
According to the British High Commission in Abuja, the collaboration comes amid growing international concerns, with UK authorities estimating that over 70% of fraud cases affecting the UK have international links.
“This agreement will help us prevent fraud, bring perpetrators to justice, and protect the public. Our cooperation with Nigeria is vital for building a safer future,” Lord Hanson stated.
Key components of the partnership include:
Intelligence sharing between the UK’s National Crime Agency and Nigeria’s Office of the National Security Adviser
Joint law enforcement operations
Cross-sector regulatory coordination, particularly in finance, telecommunications, and digital platforms
Training programs for Nigerian prosecutors, supported by the UK’s Serious Fraud Office
Joint research on emerging fraud threats, including tech and AI-driven scams
Ribadu emphasized the importance of sustained commitment: “We must confront crime with greater seriousness, support victims, and pursue perpetrators relentlessly.”
The agreement builds on the UK-Nigeria Fraud Dialogue launched in November 2024 and aligns with the UK’s broader Fraud Strategy, which prioritizes international partnerships.
The UK’s Crime Survey reported 4.1 million fraud cases in 2024 alone, costing victims over £6.8 billion. Officials warn that the emotional toll, especially from crimes like financial sextortion, is often devastating.
Nick Sharp, Deputy Director of Fraud at the UK’s National Crime Agency, noted: “International coordination is critical. Sharing intelligence and joint operations are key to stopping criminals wherever they operate.”
