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Terrorism Financing

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.

Senate passes Proceeds of Crime Bill, paves way for membership of FATF

The Nigerian Senate on Wednesday passed the Proceeds of crime bill which will now pave way for the country to become full member of the Financial Action Task Force (FATF).
Billingslea Marshall

US, others oppose EU’s listing of Nigeria, others on dirty money black list

Some members of the Global Financial Action Task Force (FATF) have condemned the European Union’s decision to blacklist Nigeria and 22 other countries in an expanded list of countries released last week.

ABCON partners EFCC on campaign against money laundering

The Association of Bureaux De Change Operators of Nigeria and the Economic and Financial Crimes Commission have extended the campaign against money laundering and terrorism financing to Bureaux de Change operators at the Murtala Muhammed Airport 2 (MM2), Lagos.
European Union - Pixnio

EU adds Nigeria, Saudi Arabia, 21 others to dirty-money blacklist

The European Commission added Nigeria, Saudi Arabia, Panama and other jurisdictions to a blacklist of nations that pose a threat because of lax controls on terrorism financing and money laundering, the EU executive disclosed on Wednesday.

Central bank lists measures for anti-money laundering, combating financing of terrorism

The Central Bank of Nigeria (CBN) has warned employees of financial institutions to avoid establishing relationships with individuals or entities who may pose undue reputational risks to their organisations.

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.

Egmont Group lifts suspension on Nigeria

The Egmont Group of Financial Intelligence Units has lifted its suspension of the Nigerian Financial Intelligence Unit, during its 25th plenary in Sidney, Australia, according to the House of Representatives Committee on Financial Crimes.

IMF unveils new corruption policy for member states

The International Monetary Fund will systematically address corruption and its impact on economic growth with all its member countries under new guidelines launched on Sunday.

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.

West Africa to enhance measures against money laundering, terrorism financing

West African countries are set to enhance measures to combat money laundering and terrorism financing in the sub-region.

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US warns against travel to Tanzania over same-sex unions row

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Convicted Orji Kalu: 2023, here we come

Former Governor of Abia State, Dr Orji Uzor Kalu, who was sentenced to 12 years imprisonment, over N7.65billion fraud, by a Federal High Court sitting in Lagos, while being led out of the court by the Correctional Service officers on Thursday said ‘2023, here we come’.