Following a two-week break, the Nigerian Army Resource Centre (NARC), resumed its regular Subject Experts’ Presentations on Monday 21st November 2022. On its first day of resumption, presentations were made by one Senior Research Fellow and two Subject Experts at Hall C, TY Buratai Block at the Centre in Abuja. They made presentations in their various areas of coverage, namely; the Central American Region, United States and the Indian Sub-Continent.
The first presentation was made by Major General AB Adamu, Subject Expert on the Central American Region. The senior officer’s presentation discussed the inability of Honduras to effectively catch and prosecute money launderers within its shores. The effects of this unchecked phenomenon were discussed in the perspective of Honduras before consideration shifted to Nigeria. In relation to Nigeria, the numerous ways that money launderers operate were discussed while their impact on the economy, terrorism, crime and other facets of Nigerian society was extensively discussed. Subsequently, methods of addressing the menace were proffered.
The second presentation was made by Brigadier General AA Adanogu, Subject Expert for the United States. Brigadier General AA Adanogu’s presentation focused on the US midterm elections. Dissecting the different trends and noting the impact of the midterms elections on the American society, the he particularly noted the impact which new voters, particularly young people had on the outcome of the elections. This was juxtaposed with the Nigerian situation and the incoming elections. The perceived impact that young people could have on the forthcoming elections were discussed while the need to make effective security contingencies for the post election period was noted and discussed.
The final presentation of the day was made by Brigadier General OD Donibo, Subject Expert for the Indian Sub-Continent. This presentation addressed the high cost of the currency swap facility agreement between China and India. The huge costs and the impact of the economy was extensively discussed and this was then compared to Nigeria who had also recently entered into a currency swap agreement with China. The ways to ensure effective maximisation of the currency swap agreement was discussed as well as the possible pitfalls.
Present at the briefing were the Director of Research, Prof CBN Ogbogbo, Senior Research Fellows, Directors, Research Fellows, Consultants, senior officers both serving and retired, and other staff of the Centre.