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Central bank wants shell banks abolished in Nigeria

The Central Bank of Nigeria (CBN) has called for the abolition of shell banks in the country, saying they serve as institutions for money laundering.

Egmont Group expulsion plan may ground businesses in Nigeria

Egmont Group, a global network of 152 Financial Intelligence Units (FIU), is poised to expel the Nigerian Financial Intelligence Unit (NFIU) from its fold.

Nigeria committed to stopping terrorist financing in Africa – VP Yemi Osinbajo

Nigeria has pledged its commitment to curbing terrorist financing and money laundering in Africa through effective regional cooperation.

Egmont: Nigeria’s suspension threatens anti-money laundering laws – GIABA

The Intergovernmental Action Group Against Money Laundering in West Africa says Nigeria’s suspension from the Egmont Group can have negative effects on the fight against money laundering in the sub-region.

Nigeria being frustrated in looted funds repatriation – VP Yemi Osinbajo

Vice-President Yemi Osinbajo, on Saturday, expressed Nigeria’s frustration in its efforts to repatriate its stolen funds stashed in many developed nations.

Money laundering is West Africa’s greatest existential threat – VP Yemi Osinbajo

Vice President Yemi Osinbajo said on Saturday in Abuja that money laundering posed serious threat to crucial existential issues in West Africa, stressing that the menace needs to be tackled with utmost unity and determination.

House of Reps Speaker Yakubu Dogara calls for joint effort to fight money laundering

Speaker of the House of Representatives, Hon Yakubu Dogara, has called for stronger synergy among impoverished countries in Africa in order to achieve desired outcomes in the fight against money laundering and terrorist financing.

West Africa to enhance measures against money laundering, terrorism financing

West African countries are set to enhance measures to combat money laundering and terrorism financing in the sub-region.

Nigeria’s EGMONT suspension setback for anti-graft war – Yakubu Dogara

The Speaker of the House of Representatives, Mr. Yakubu Dogara, has said that the suspension of Nigeria from the EGMONT Group is a setback to the Federal Government’s anti-corruption war.

FAFT warns against Nigeria’s suspension by Egmont group

The warning letter by FATF came barely three weeks after the Egmont group suspended the Nigerian Financial Intelligence Unit from the activities of the group on July 5, 2017.

AGF blames EFCC chief for Nigeria’s suspension from Egmont group

The Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), on Wednesday alleged that “ignoble role” of the Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, led to the suspension of Nigeria from the Egmont Group of Financial Intelligence Units.

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Winter Olympics: Nigeria’s Simidele Adeagbo finishes in 20th in heats 1 and 2 of...

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