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Nigeria Financial Intelligence Unit
The National Drug Law Enforcement Agency (NDLEA) has decried what it termed the high-level of abuse of tramadol and cough syrup among Nigerian youth and women.
The Federal Government has uncovered 114 companies neck deep in shady land deals, even as it raked in N1.173 billion in tax revenues from January till date.
The Federal Inland Revenue Services (FIRS) said it recovered about N3.63 billion by curbing Illicit Financial Flows between January 2017 and August 2018 in the country.
As the Federal Inland Revenue Service (FIRS) prepares its legal team to tackle tax evaders in the country, its Voluntary Asset and Income Declaration Scheme (VAIDS) is now making waves having shot up the revenue profile of the Federal Government by 42 per cent.
The source, who is a top official of the Economic and Financial Crimes Commission (EFCC), made the clarification in an interview with the News Agency of Nigeria (NAN) in Abuja.
The Federal Government is monitoring inflow of funds into the country to forestall terrorism funding.
As the tax amnesty under the Voluntary Assets and Income Declaration Scheme (VAIDs) ends on Saturday, some private sector players are said to be lobbying President Muhammadu Buhari to extend the amnesty period.
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 Economic and Financial Crimes Commission has lost the battle to have the Nigeria Financial Intelligence Unit domiciled under it.
It was gathered that the two leaders of the National Assembly, who met behind closed doors, resolved to domicile the NFIU in the Central Bank of Nigeria (CBN), in order to fast-track the passage of the bill.
Vice President Yemi Osinbajo yesterday in the State House, Abuja inaugurated National Sanctions’ Committee with the mandate to trace and freeze financial flows of terrorist funds.
The First Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Nuhu Ribadu, has said several money laundering frauds happen in Nigeria with the active connivance of banks and their workers.
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.
The Nigerian Law Reform Commission, NLRC; Economic and Financial Crimes Commission, EFCC; Nigeria Governors Forum, NGF, and Attorney-General of the Federation, AGF, yesterday, disagreed over directive by Egmont Group that the Federal Government removed Nigeria Financial Intelligence Unit, NFIU, from the EFCC.
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The Founder/Chairman of Zenith Bank Plc, Mr. Jim Ovia recently launched his book, Africa Rise and Shine in New York. This prestigious event happened on the sidelines of the United Nations General Assembly and had foreign dignitaries and private sector captains of industry in attendance.
Tottenham Hotspur manager Mauricio Pochettino has alerted the Argentine FA that he is not available to replace Jorge Sampaoli as La Albiceleste coach.
The Federal Government says it will partner with meaningful organisations like the Institute of Chartered Accountants of Nigeria (ICAN) to ensure rapid development of the country.
The Chief of Air Staff (CAS), Air Marshal Sadique Abubakar, has assured the people of Agatu, a riverside community in Benue, that days of horror from herdsmen are over .
The Akwa Ibom State chapter of the All Progressives Congress (APC) has threatened to stage a counter protest against the administration of Governor Udom Emmanuel if the plan to protest against the APC government would go ahead.
Delegates of the Peoples Democratic Party (PDP) from Kogi East Senatorial District of the State have expressed concern over the fate of the party if the avowed primary election to elect standard bearer at the senatorial election were hijacked.
The Niger Government has sunk N4.6 billion into improving the state’s health institutions in the last three years, according to Dr. Makun Sidi, Permanent Secretary, Ministry of Health.
The Catholic Bishop of Sokoto Diocese, Dr Matthew Hassan Kukah, has said that his meeting with Former President Olusegun Obasanjo and former Vice President, Atiku Abubakar was to serve as witness to the peaceful reconciliation of a prolonged dispute between the two leaders.
An Ibadan-based businesswoman, Mrs Aminat Adeshina, on Monday, sought the order of an Ile-Tuntun Customary Court, Ibadan, to dissolve her 22-year-old marriage to one Akeem Adeshina, for allegedly caressing their daughter.
The African Democratic Congress Presidential Candidate, Dr. Obadiah Mailafia, has assured that he will implement various economic policies that will help to grow the nation’s economy, if elected Nigeria’s president in 2019.