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Nigeria Financial Intelligence Unit

Justice Onnoghen: BVN reveals more accounts

A Bank Verification Number (BVN) search may have exposed more accounts linked to the suspended Chief Justice of Nigeria (CJN), Justice Walter Onnoghen.
An employee shows US dollar banknotes at a foreign currency brokerage office in Khartoum on October 7, 2018. - Sudan slashed the official value of its currency against the US dollar by more than half on October 7, the third devaluation this year in the face of a mounting economic crisis. (Photo by ASHRAF SHAZLY / AFP)

Naira ends 2018 stable with central bank, bureaux de change deal

The strategic partnership between the Central Bank of Nigeria (CBN) and Association of Bureaux De Change Operators of Nigeria (ABCON) on foreign exchange (forex) supplies and sustenance of market integrity helped the naira’s stability in 2018.
Ayodele Fayose, former governor of Ekiti state, has lost out in his bid to be granted bail by the federal high court in Lagos.

EFCC opens trial of Ayodele Fayose over alleged N6.9 billion fraud

The prosecution on Monday opened its case before a Federal High Court Lagos in the criminal trial of immediate past Governor of Ekiti, Ayodele Fayose, charged with N6.9 billion fraud.

NDLEA decries high-level abuse of tramadol, cough syrup

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.

Federal government uncovers 114 companies in property fraud

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.

FIRS recovers N3.63bn from Illicit Financial Flows in one year

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.

Nigeria back as an active member of Egmont Group

Following the lifting of Nigeria’s suspension from the Egmont Group of Financial Intelligence Units last Wednesday, the country is now back as an active member and has been reconnected to the Egmont Secure Website (ESW).

VAIDS boost for federal government as revenue rises by 42 percent

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.

NFIU Act: Why Egmont Group is yet to lift suspension on Nigeria – sources

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.
PRESIDENT BUHARI SIGNS INTO LAW EXECUTIVE ORDER ON THE PRESERVATION OF SUSPICIOUS ASSETS CONNECTED WITH CORRUPTION AT THE STATE HOUSE IN ABUJA JULY 5 2018

President Buhari signs NFIU Bill

President Muhmammadu Buhari on Wednesday signed the Nigeria Financial Intelligence Unit Act into law, the president’s Senior Special Assistant on National Assembly (Senate), Ita Enang, told journalists at State House, Abuja.

‘No money for terror’: Federal government monitoring financial inflow – Kemi Adeosun

The Federal Government is monitoring inflow of funds into the country to forestall terrorism funding.

VAIDs: President Buhari under pressure to extend tax amnesty period

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.

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.

EFCC loses fight to retain NFIU as Senate, House of Reps agree on central...

The Economic and Financial Crimes Commission has lost the battle to have the Nigeria Financial Intelligence Unit domiciled under it.

Egmont: Senate, House of Reps resolve to domicile NFIU in central bank

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.

VP Yemi Osinbajo inaugurates national sanctions c’ttee

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.

Bankers aid money laundering in Nigeria – Nuhu Ribadu

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.

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