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Nigeria Financial Intelligence Unit

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.

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.

NGF, NLRC, others disagree over removal of NFIU from EFCC

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.

Nigeria moves to return to Egmont Group

The Presidential ad hoc committee set up by the federal government to facilitate the return of the country to Egmont Group submitted its report to Vice President Yemi Osinbajo on Wednesday.

Nigeria at risk of expulsion from Egmont Group – NFIU

Francis Usani, head of the Nigeria Financial Intelligence Unit (NFIU), says Nigeria stands the risk of being expelled from the Egmont Group.

Averting Nigeria’s expulsion from Egmont Group

Nigeria’s suspension from Egmont Group — a global financial intelligence sharing body — and the consequence of the suspension which may result in expulsion have been a source of concern for observers in recent times.

Attempt to create ‘stand-alone’ NFIU needless – Magu

The Economic and Financial Crimes Commission (EFCC) is insisting that the Nigeria Financial Intelligence Unit (NFIU) was independent of its control.

Magu, NFIU chief fault Senate over moves to create independent agency

The Economic and Financial Crimes Commission, EFCC, on Wednesday insisted that the Nigeria Financial Intelligence Unit, NFIU, was independent of its control.

EFCC adjudged most effective govt agency

A survey conducted by the United Nations Office on Drugs and Crime, UNODC, indicates that as far as Nigerians are concerned, the Economic and Financial Crimes Commission, EFCC, remains the most effective government agency in the country.

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