The Nigerian Financial Intelligence Unit (NFIU) has said that its ban on cash withdrawals for all federal and state accounts is to help governors and not to fight them. The NFIU, made this known in a statement at the weekend by its Chief Media Analyst, Ahmed Dikko, hours after the Nigerian Governors’ Forum (NGF) faulted […]
The Nigerian Financial Intelligence Unit (NFIU) has disagreed with the 2021 Mutual Assessment Evaluation on Nigeria released by the Economic Community of West African States agency, the Inter-Governmental Action Group against Money Laundering, alleging that N18 billion ISWAP funds were laundered through Nigeria’s formal financial system, saying the claim was not true. NFIU in a […]
.We passed bill to save Nigeria from embarrassment – Saraki Consequent upon the passage of the Nigerian Financial Intelligence Agency Bill 2018 by the House of Representatives on Monday, the Senate on Wednesday passed the Bill after adopting and approving recommendation of its Conference Committee that harmonised the reports of the two chambers. The report […]
Lawmakers okay NFIU as independent agency Adopt 38 clauses to strengthen unit Senate takes decision today In a move to avert the threat of expulsion from EGMONT Group, the House of Representatives, on Tuesday, considered and passed the conference committee report on a bill to establish the Nigerian Financial Intelligence Unit (NFIU) as an independent […]
* Hon Oladele derailed process of legal framework – Sen Utazi * No, Sen Utazi refused every attempt for reconciliatory meeting- Hon Oladele * ‘NFIU should domicile in EFCC as new unit will hurt Nigeria’ As the EGMONT Group meets on March 12 to deliberate on many issues including its decision over the suspension of […]
As concerns mount over the expulsion of Nigeria by the Egmont Group of Financial Intelligence Units next month, international credit rating agencies are mulling the downgrade of Nigeria’s credit ratings according to international risk analysts. Since reports surfaced that the Egmont group was going to expel the NFIU from the global body, the ratings agencies […]
The Acting Chairman, Economic and Financial Crimes Commission (EFCC), Ibrahim Magu Wednesday told the Senate that the Nigeria Financial Intelligence Unit (NFIU) has been granted autonomy. Magu, who appeared before the Senate Committee on Anti-Corruption and Financial Crimes, to defend the performance of 2017 budget of his agency, promised to submit details of recovered loots […]
.Sen Utazi, other groups to submit majority, minority reports .Nigeria risks expulsion over lack of synergy .Owasanoye keeps mum over fears on Senate confirmation .’Most members ignorant of meaning, workings of Egmont’ This is not the best of time for Nigeria over suspension of the Nigeria Financial Intelligence Unit (NFIU) from Egmont Group as the […]