The group made this call in a statement issued on Tuesday and signed by its General Secretary, Mr Popoola Ajayi, explaining the trust fund was necessary to address the rising insecurity in the region.
Pan-Yoruba group, the Alliance of Yoruba Democratic Movements (AYDM) has asked the state governors of all the six states that constituted Nigeria's South-West region to set up a "Regional Security Trust Fund."
The group made this call in a statement issued on Tuesday and signed by its General Secretary, Mr Popoola Ajayi, explaining the trust fund was necessary to address the rising insecurity in the region.
The statement said the Fund should be managed by non-state actors selected by each of the six states concerned and estimated that no fewer than N100billion should be realised in the first six months of its launch.
"There are some 60million people in South-West. Every adult from the age of 18 resident in the West should be encouraged to contribute a minimum of N500 to the Fund. This will be invested in providing necessary material and training for Amotekun, while creating and building a strong Intelligence Bureau that would tackle all varieties of crime in the region, " the statement reads.
The organisation expressed significant concern about the growing threat of abduction and other violent criminal activities in Yoruba land, as well as the occupation of fertile land by armed groups opposed to food insecurity.
AYDM urges South-West Governors to create the Regional Security Trust Fund as a collaborative proactive effort to secure the region.
It contended that the current spike in criminal activities, including kidnapping, banditry, cultism, cybercrime, and drug misuse, has aroused alarms within the Yoruba communities.
AYDM stated that it "recognises the importance of working together to address these concerns and believes that a Regional Security Trust Fund would provide a long-term, community-driven solution.
"AYDM urges the South-West Governors to establish a transparent and accountable Regional Security Trust Fund that will allow Yoruba worldwide to make significant contributions.
"This fund will also be instrumental in supporting police and other efforts of security agencies and initiatives aimed at tackling the growing threats to the safety and well being of the people.
"The time has come for creative thinking. It is time for us to unite and take decisive action against the rising insecurity in our beloved indigenous territories by establishing a Regional Security Trust Fund, we can harness the collective strength and resources of Yoruba worldwide to support our security agencies and ensure a safer future for our communities," the statement added.
According to AYDM, the planned Security Trust Fund will provide a route for individuals, corporations, and organisations, both internal and external, to contribute to the improvement of security infrastructure, training, and intelligence collection initiatives.
The statement continued: "This collaborative approach is crucial in fostering a sense of ownership and responsibility among all stakeholders."
AYDM emphasizes the importance of transparency and accountability in managing the Regional Security Trust Fund.
"Clear mechanisms for monitoring and reporting the utilization of funds should be established to ensure that contributions are utilized effectively and efficiently" Ajayi said.
“The Alliance of Yoruba Democratic Movements is ready to collaborate with the Southwest Governors, security agencies, and other stakeholders to make this Security Trust Fund a reality.
“AYDM is confident that through collective action, we can create a safer and more secure environment for Yoruba at home and abroad,” the statement concluded.