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Financial Action Task Force
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, a global network of 152 Financial Intelligence Units (FIU), is poised to expel the Nigerian Financial Intelligence Unit (NFIU) from its fold.
Nigeria has pledged its commitment to curbing terrorist financing and money laundering in Africa through effective regional cooperation.
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.
Vice-President Yemi Osinbajo, on Saturday, expressed Nigeria’s frustration in its efforts to repatriate its stolen funds stashed in many developed nations.
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.
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 African countries are set to enhance measures to combat money laundering and terrorism financing in the sub-region.
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.
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.
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.
The Peoples Democratic Party, PDP, on Tuesday passed a vote of no confidence on the Independent National Electoral Commission, INEC, under the leadership of Prof Mahmood Yakubu.
Following strict orders by the Inspector General of Police, Ibrahim Idris, to his Intelligence Response Team (IRT) and other operational apparatus of the police, the mastermind of the Fulani herdsmen responsible for the recent attacks in Benue State, was arrested by the police.
Villarreal's Portuguese defender Ruben Semedo was arrested on Tuesday on suspicion of holding somebody against their will and causing injury, a source close to the investigation told AFP.
The Osun State Government has called on the Federal Government to declare a state of emergency on the ongoing Fulani herdsmen menace in order to checkmate the killings.
The Taraba State Government has temporarily suspended the Anti-Open Grazing law in the state to allow for some amendments as farmers and herdsmen agree to shield swords.
Morgan Tsvangirai, who has died after a battle with cancer, was the face of Zimbabwe's downtrodden opposition for decades.
The White House on Thursday blamed Russia for the devastating ‘NotPetya’ cyberattack last year, joining the British government in condemning Moscow for unleashing a virus that crippled parts of Ukraine’s infrastructure and damaged computers in countries across the globe.
The Independent National Electoral Commission, INEC, on Friday constituted a panel to probe the recent cases of possible underage voting in Kano State.
The shooting incident on Wednesday at the headquarters of the US National Security Agency outside Washington does not appear to be a terror attack, an FBI official said.
Nigeria’s first female skeleton athlete, Simidele Adeagbo, finished in the 20th position after Heats 1 and 2 of her event at the PyeongChang Winter Olympics on Friday.