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Nigeria Financial Intelligence Unit
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.
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.
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.
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France midfielder N’Golo Kante has leapt to the defence of his teammate Jorginho and acknowledged the importance of Chelsea’s players sticking together amid a run of bad form.
The Presidential and National Assembly elections took place in the FCT on Saturday without report of security breach.
Governor Kayode Fayemi and Senator Babafemi Ojudu resoundingly delivered their polling units to aid President Muhammadu Buhari’s re-election bid.
Alhaji Abdullahi Sule, All Progressives Congress (APC) governorship candidate in Nasarawa State, has lauded the peaceful conduct of Saturday’s Presidential and National Assembly polls in the state.
Jimi Agbaje, Lagos State Peoples Democratic Party (PDP) governorship candidate, has predicted victory for Atiku Abubakar, presidential candidate of the PDP, even as he faults the Independent National Electoral Commission (INEC) on inadequate performance of the card readers.
The Socio-Economic Rights and Accountability Project (SERAP) has called on the Independent National Electoral Commission (INEC) to push for reforms of Nigeria’s electoral system.
Manchester United star Paul Pogba can become the best player in the world, according to Nemanja Vidic.
Accreditation and voting commenced on schedule in some polling units in Bauchi metropolis in today’s Presidential and National Assembly polls.
Thirty engineering graduates have been inducted to the fifth batch of the Shell Nigeria internship programme, a four-year old scheme designed to help young graduate engineers upscale their skills in readiness for employment in the energy sector.
The Deputy President of the Senate, Ike Ekweremadu, has raised the alarm over an alleged plan by unnamed persons to rig him out of the National Assembly election rescheduled to take place on Saturday, February 23.