Home Topics Financial Action Task Force

Financial Action Task Force

Federal government begins moves to de-register ‘deviant’ NGOs

The Federal Government has begun the profiling of about 100 non-governmental organisations, with the aim of de-registering those of them that have “deviated” from their mandate.

Egmont Group: National Assembly’ll pass NFIU bill this week – Senator Saraki

The National Assembly may on Tuesday pass a bill establishing the Nigeria Financial Intelligence Unit as an independent entity.

President Buhari urged to assent to NFIA bill

A civil society organization, Media Initiative against Injustice, Violence and Corruption - MIIVOC - has called on Nigeria’s President, Muhammadu Buhari, to take urgent steps to avert Nigeria’s imminent expulsion from the Egmont group of Financial Intelligence Units by assenting to the Nigerian Financial Intelligence Agency Bill immediately.

Pakistan reinstated on terrorism list

A global money-laundering watchdog has placed Pakistan back on its terrorist financing watchlist, Indian media and a diplomatic source said on Friday.

Libya removed from terror-financing watch list

The international Financial Action Task Force (FATF) lifted Libya from the list of countries unable to fight money laundering and terrorism financing, the Central Bank of Libya said in a statement.

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.

Recent Stories

Charge D’Affaires of Ecuador to Nigeria, Mr. Jaime Campas

Ecuadorian embassy refutes visa-free agreement news

The Embassy of Ecuador refutes fake news published by several media houses over Ecuador and Nigeria signing a visa-free agreement for Nigerian citizens.

Ex-CIBN chief blames National Assembly for tampering with 2018 Budget

Prof. Olusegun Ajibola, immediate past president, Chartered Institute of Bankers of Nigeria (CIBN), on Thursday criticised the National Assembly for tampering with provisions for critical projects in the 2018 budget.
President of Turkey and the leader of the Justice and Development Party (AK Party) Recep Tayyip Erdogan makes a speech during the AK Party's parliamentary group meeting at the Grand National Assembly of Turkey (TBMM) in Ankara on May 8, 2018. | AFP PHOTO | ADEM ALTAN

Recep Erdogan poll rival vows change in giant Izmir rally

The chief rival to President Recep Tayyip Erdogan in this weekend's presidential polls on Thursday vowed to transform Turkey as he rallied hundreds of thousands of people in one of the biggest opposition election rallies in years.
President Buhari at the IPI Conference in Abuja on Thursday

President Buhari urges journalists confront fake news menace

President Muhammadu Buhari on Thursday declared open the 2018 International Press Institute World Congress with a call on journalists worldwide to address the menace of fake news and hate speech for the good of humanity.
Kayode Fayemi

Kayode Fayemi: I increased teachers’ pay when I was governor but Ayodele Fayose is...

The candidate of the All Progressives Congress (APC) in the July 14 governorship election in Ekiti state, Kayode Fayemi, says he increased teachers’ salaries when he was in power but Ayodele Fayose, his successor, has not paid them in 10 months.