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Financial Action Task Force
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.
The National Assembly may on Tuesday pass a bill establishing the Nigeria Financial Intelligence Unit as an independent entity.
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.
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 Embassy of Ecuador refutes fake news published by several media houses over Ecuador and Nigeria signing a visa-free agreement for Nigerian citizens.
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.
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 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.
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.
Men of the Federal Capital Territory (FCT) Police Command have arrested two suspected killers of one Charity Aiyedogbon, who got missing in May 2016.
As Nigeria continue to lament the 0-2 loss to the Vatreni of Croatia, former Super Eagles defender, Mobi Okparaku, says the team could still qualify from their Group D.
The Central Bank of Nigeria (CBN) has boosted the foreign exchange market with $210 million to meet customers’ requests in various segments, Isaac Okorafor, Acting Director, Corporate Communications, said.
An India forestry ranger found himself in a bind after a python briefly strangled him while he posed for pictures with the giant snake.
An attempt to kidnap a Deputy Comptroller of Customs, her younger brother and her son was thwarted on Saturday by police detectives attached to Area-D- Police Command, Mushin, Lagos.