Governor Ademola Adeleke of Osun State has called on members of the Association of Motor Dealers of Nigeria (AMDON) to protect their businesses by adhering strictly to all regulations governing their operations.
Speaking during a one-day sensitisation workshop jointly organised by the association and the Special Control Unit Against Money Laundering (SCUML) of the Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office, in Osogbo on Tuesday, Adeleke said compliance with financial regulations was vital to safeguarding livelihoods and the state’s economy.
Represented by the Commissioner for Commerce and Industry, Bunmi Jenyo, the governor described compliance as a “protective measure” rather than a bureaucratic burden. He noted that the state government would continue to reward law-abiding business owners while cracking down on those engaged in illegal dealings.
“Our administration will not condone individuals or groups tarnishing the image of legitimate motor dealers. We will encourage compliance with incentives, but those who persist in unlawful practices such as tax evasion, forgery, or money laundering will face the full weight of the law,” Adeleke stated.
He advised all registered motor dealers in the state to acquire the SCUML certificate, maintain proper business records, and avoid large cash transactions in line with anti-money laundering laws. He added that cooperation with regulatory agencies such as the EFCC would ensure mutual understanding and prevent unnecessary conflicts.
“The EFCC’s presence here today signifies their commitment to supporting genuine businesses, not stifling them. Work with them in good faith, and you’ll never be treated as adversaries,” Adeleke added.
In her remarks, the EFCC Zonal Coordinator, SCUML Ibadan Directorate, Mrs. Toyin Ehindero-Benson, said the sensitisation exercise was part of efforts to enhance collaboration with key stakeholders and encourage compliance with anti-money laundering and counter-terrorist financing regulations.
According to her, the session’s theme, “The Importance of Know Your Customer (KYC) and Customer Due Diligence (CDD),” underscores the need for business operators to identify and verify their clients to prevent criminal elements from exploiting legitimate enterprises.
She urged participants to take the training seriously and implement the lessons learned to improve transparency in their daily transactions.
Also speaking, AMDON National Vice President, Adeniyi Ibrahim, encouraged members to cooperate fully with the EFCC and obey all laid-down regulations to avoid embarrassment or legal troubles.
He said, “Everything EFCC has taught us today must be taken seriously. Dealers must follow every instruction to prevent avoidable issues in the future.”
The EFCC, under the leadership of Chairman Ola Olukoyede, has recently intensified its sensitisation and engagement campaigns across various sectors to combat financial crimes through education and awareness.
Earlier this month, on October 3, 2025, The PUNCH reported that Olukoyede had cautioned corps members nationwide against engaging in cybercrime, warning that many young Nigerians were being convicted for internet fraud.
Addressing Batch B, Stream 2 corps members at the NYSC orientation camp in Iyana Ipaja, Lagos, the EFCC boss, represented by the Head of Public Affairs, Lagos Zonal Directorate 2, Babatunde Sulaiman, urged youths to expose fraudulent practices and provide useful intelligence through the agency’s Eagle Eye App.
He reiterated that corruption had stifled Nigeria’s development and called for collective responsibility in tackling the menace.
“Corruption has dragged our country backwards for too long. We must act decisively to change this narrative,” Olukoyede said.
