BY Claire Mom
The Chinese government says it will partner with Nigeria in the fight against money laundering and terrorism financing.
A joint statement issued by both countries said the agreement aimed at supporting Nigeria’s efforts to safeguard the stability of its financial and foreign exchange markets and crack down on financial crimes.
The agreement followed a meeting between President Bola Tinubu and President Xi Jinping of China on Tuesday.
At the end of the meeting, both presidents signed various memoranda of understanding (MoUs), which included a cooperation plan between Nigeria and China to jointly promote the belt and road initiative.
According to the joint statement, both countries are considering regional and monetary cooperation, as well as encouraging flexible and diverse cooperation such as local currency swaps to facilitate trade between China and Nigeria and contribute to global financial stability.
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