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At last, Egmont Group lifts suspension on Nigeria

Ihesiulo Grace 27 September 2018 0

The Egmont Group of Financial Intelligence Units has lifted its suspension of the Nigerian Financial Intelligence Unit, during its 25th plenary in Sidney, Australia. The Chairman of the House of Representatives Committee on Financial Crimes, Hon Kayode Oladele, confirmed the development to The

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Master, Visa cards ‘to be blocked abroad’ as Egmont Group mulls expelling Nigeria

Ihesiulo Grace 5 February 2018 0

Nigerians may no longer be able to carry out international transactions as Egmont Group is considering expelling the Nigeria Financial Intelligence Unit (NFIU). A major consequence of the expulsion will be the blacklisting of Nigeria in international finance. This could affect the issuance of Mastercard and Visa credit and debit cards by Nigerian banks. It […]

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