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Nigerian Financial Intelligence Unit

The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN,

Nigerian government to support states recover backlog of stamp duties

The federal government says it is ready to support the 36 states to recover the backlog of stamp duties and generate more revenues for the country.
Ibrahim Magu

Suspended EFCC chief Ibrahim Magu writes presidential panel, denies all allegations

Suspended acting National Chairman of EFCC, Ibrahim Magu, has denied flurry of allegations against him, especially as published in the media since he was arrested on 16 June and hauled before Justice Ayo Salami panel probing the activities of the anti-graft agency.

Ibrahim Magu failed to account for interest on N550 billion recovered loot – panel

A prior presidential panel, which investigated the suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, indicted him, a report has alleged.
Nigeria’s ruling party, the All Progressives Congress (APC), has asked the Economic and Financial Crimes Commission, EFCC, to investigate alleged links of leaders of main opposition Peoples Democratic Party and Dubai based fraudster, Ramon Olorunwa Abbas, popularly known as Hushpuppi.

APC asks EFCC, NFIU to investigate PDP leaders link with Hushpuppi

Nigeria’s ruling party, the All Progressives Congress (APC), has asked the Economic and Financial Crimes Commission, EFCC, to investigate alleged links of leaders of main opposition Peoples Democratic Party and Dubai based fraudster, Ramon Olorunwa Abbas, popularly known as Hushpuppi.g
Nigeria Naira

Naira bounces back after days of depreciation

The naira appreciated against the dollar on Friday after days of panic buying amid speculations that the Nigerian central bank may devalue the local currency.
President Muhammadu Buhari and the Governor of Nasarawa State, Mr Abdullahi Sule, are meeting right now.

President Buhari receives report on impacts of coronavirus

President Muhammadu Buhari has directed the Presidential committee on the impacts of Covid-19 on Nigeria’s economy to ensure that investments and the business of government continue to run without hitches.

CBN: Market unfavourable for Naira devaluation

The Central Bank of Nigeria (CBN) says market fundamentals do not support Naira devaluation this time around.

CBN: Nigeria won’t devalue Naira

Central Bank of Nigeria, CBN, Thursday night said it has enough foreign exchange reserves to maintain the current value of the naira and warned currency speculators to stop rumour mongering and causing panic in the market.
Secretary to the Government of the Federation (SGF) Boss Mustapha

Boss Mustapha: Corruption hasn’t ended despite President Buhari’s efforts

The Secretary to the Government of the Federation, Boss Mustapha, the Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), and others on Tuesday said corruption had not ended despite the President Muhammadu Buhari administration’s efforts to stamp out the scourge.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC quizzes seven Edo council officials over alleged corruption

Seven officials of Esan North East local government area of Edo state have been quizzed been by the Benin Zonal office of the Economic and Financial Crimes Commission (EFCC) over allegation of corrupt practices as they were alleged to have connived with the council chairman, Augustine Okoibhole to defraud the council.
AMCON chief Ahmed Kuru

AMCON seeks judiciary’s support on debtors’ BVN

The Asset Management Corporation of Nigeria has approached the judicial arm of the country to enable it to access bank details of its debtors, after been given the power to do so under the AMCON (Amendment) Act 2019, which was signed into law by President Muhammadu Buhari.
All Progressives Congress (APC) Nigeria

APC chieftain urges EFCC, NFIU to freeze Bayelsa government accounts

The All Progressives Congress (APC) Deputy National Publicity Secretary, Yekini Nabena, has pleaded with the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) to immediately investigate and freeze Bayelsa State Government bank accounts over the alleged illegal withdrawal and diversion of N17.5 billion.

GIABA strengthens EFCC’s capacity to fight money laundering

In its determination to boost the fight against money laundering and terrorism financing in West Africa, the Inter-Governmental Action against Money laundering in West Africa, GIABA, between Monday September 23 and Friday exposed officers of the Economic and Financial Crimes Commission, EFCC, to latest Anti-Money laundering and countering financing of terrorism trends.

Ibrahim Magu: North-East NGOs require EFCC clearance to move cash

The acting Chairman, Economic and Financial Crimes Commission, Ibrahim Magu, has called on the Theatre Commander of Operation Lafiya Dole, Maj. Gen. Olusegun Adeniyi, to ensure that humanitarian organisations moving cash in the North-East secure clearance from the commission in order to check terrorists financing.
The Nigerian Financial Intelligence Unit (NFIU) has disclaimed reports that it requested the bank account details of officers of the national assembly and the judiciary.

Wealthy Nigerians on edge over NFIU searchlight

Recalcitrant tax defaulters, high-end politicians, top civil servants, businessmen and other wealthy Nigerians with questionable sources of income are now in panic mode as the Nigerian Financial Intelligence Unit (NFIU) and other anti-graft agencies began beaming their searchlight on them in line with the Federal Government’s effort to retrieve state funds tallegedly siphoned in shady transactions.
The Nigerian Financial Intelligence Unit (NFIU) has disclaimed reports that it requested the bank account details of officers of the national assembly and the judiciary.

PSC charges security agencies to investigate leakage of NFIU letter to banks

The Presidential Support Committee (PSC) yesterday charged security agencies in the country to leave no stone unturned in investigating how a letter by the Nigerian Financial Intelligence Unit (NFIU) to commercial banks requesting the account details of principal government officers was leaked.

Federal government constitutes inter-agency taskforce on recovery N5 trillion AMCON debt

The Federal Government has inaugurated an inter-agency committee to speedily resolve the challenges in recovering over N5 trillion Asset Management Corporation of Nigeria (AMCON) debts.
The Presidential Election Petition Tribunal has upheld argument by President Muhammadu Buhari that it lacked the jurisdiction to entertain allegation of corrupt practices and voters’ inducement raised against Vice President Yemi Osinbajo in the petition by Atiku Abubakar and the PDP.

AMCON debt: VP Osinbajo constitutes inter-agency taskforce on recovery

The federal government has inaugurated an inter-agency committee to speedily resolve the challenges in recovering over N5 trillion Asset Management Corporation of Nigeria (AMCON) debts.

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The Kano Electricity Distribution Company (KEDCO) on Tuesday urged potential tenants to always verify electricity bill status before renting apartments in Kano, Katsina and Jigawa States.
The Nigerian Ports Authority (NPA) says it has come up with solutions to reduce the waiting time of vessels berthing at Lagos terminals.

Nigerian seaports to commence 24-hour operation

Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, disclosed this on Tuesday in Lagos while briefing the media after the second edition of the monthly meeting of heads of maritime parastatals, held at the NIMASA headquarters.

China achieves progress in battle against cyber crimes – report

China said it has made headway in cracking down on illegal online businesses, said a report on the country’s cybersecurity in 2019.
Kaduna State Ministry of Health on Saturday confirmed that a four-month-old child was among the 20 new coronavirus cases recorded in the state on Friday.

Kwara records eight new cases of coronavirus

Kwara has recorded eight new cases of the coronavirus (COVID-19) pandemic as at 11.45p.m on Monday, Aug 10.

Obadiah Mailafia: Serving northern governor a Boko Haram leader

Dr. Obadiah Mailafia, a former Deputy Governor of the Central Bank of Nigeria, says repentant terrorists revealed that a serving northern governor is a Boko Haram leader. Mailafia said this on ‘Morning Crossfire’ programme on Nigeria Info Abuja 95.1FM on Monday.