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Nigeria Financial Intelligence Unit
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.
Francis Usani, head of the Nigeria Financial Intelligence Unit (NFIU), says Nigeria stands the risk of being expelled from the Egmont Group.
The Economic and Financial Crimes Commission (EFCC) is insisting that the Nigeria Financial Intelligence Unit (NFIU) was independent of its control.
The Economic and Financial Crimes Commission, EFCC, on Wednesday insisted that the Nigeria Financial Intelligence Unit, NFIU, was independent of its control.
The minister stated this when he received a delegation from the Africa-Asia Rural Development Organisation (AARDO) led by Secretary General of the Organisation, Eng. Wassfi Hassan El Sreihin in his office in Abuja.
The Federal Government said that electricity generation from hydro sources could reach 19,000 megawatts if fully harnessed.
President Donald Trump found himself isolated and under pressure to reverse course Tuesday after publicly challenging the US intelligence conclusion that Russia meddled in the 2016 election during his face-to-face with Vladimir Putin.
The Chairman of the Bayelsa State Board of Internal Revenue (BIR), Ayawei Nimbofa, has attributed the rise in Bayelsa’s monthly internally generated revenue above N1billion mark to deployment of electronic collection system.
Former US president Barack Obama on Tuesday singled out the African heritage of many players in France’s World Cup-winning football team in a speech paying tribute to Nelson Mandela.
A mother and her son, who allegedly used knife to inflict injures on co-tenant during a fight, were on Tuesday brought before an Ikeja Magistrates’ Court, Lagos State.
The Muslim Rights Concern (MURIC) has advised Nigerians to stop blaming President Muhammadu Buhari for killings around the country.
Nigeria Ambassador to the Netherlands, Oji Ngofa, on Sunday, urged the Dutch Embassy to resume issuance of Schengen Visas in Abuja to consolidate the increasing trade relations between Nigeria and Netherlands.
President of the Senate, Dr. Abubakar Bukola Saraki, has congratulated the Governor-elect of Ekiti State, Dr. Kayode Fayemi, on his victory in the just-concluded Ekiti gubernatorial election.
The Federal Inland Revenue Service has announced that it realised a total of N2.5 trillion (N2,529,615,174,601.25) from various taxes from January to June 2018.