Business

Ban on cash withdrawals from public accounts not to fight Govs – NFIU

Ihesiulo Grace 23 January 2023 0

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

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NFIU debunks ECOWAS N18bn ISWAP funding allegation

Ihesiulo Grace 7 December 2021 0

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

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Senate concurs with Reps, passes NFIU bill

Ihesiulo Grace 8 March 2018 0

.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 […]

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At last, Nigeria averts EGMONT expulsion as Reps pass NFIU bill

Ihesiulo Grace 7 March 2018 0

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 […]

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Suspension threat: Senate, Reps divided over EGMONT directives

Ihesiulo Grace 2 March 2018 0

* 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 […]

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Doomsday approaches: National Assembly stall NFIU decision, Nigeria credit ratings downgrade looming

Ihesiulo Grace 22 February 2018 0

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 […]

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EFCC has granted autonomy to NFIU – Magu

Ihesiulo Grace 21 December 2017 0

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

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Egmont suspension: FG may receive 2 reports

Ihesiulo Grace 5 September 2017 0

.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 […]