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Terrorism Financing

Twitter CEO and Co Founder, Jack Dorsey addresses students at the Indian Institute of Technology (IIT), on November 12, 2018 in New Delhi, India. (Photo by Amal KS/Hindustan Times via Getty Images)

Twitter chief: Nigerians will lead Bitcoin ‘revolution’

Jack Dorsey, the co-founder and chief executive officer of Twitter, a microblogging platform, says “the people of Nigeria will lead bitcoin” revolution.
1. President Muhammadu Buhari is presiding over the 44th virtual meeting of the Federal Executive Council (FEC).

Nigerian government urged to arrest sponsors of terrorism, secessionist agitators

The All Progressives Congress (APC) in the Diaspora has urged the Federal Government to fast track naming and the arrest of sponsors of terrorism in Nigeria.
The Civil Society Legislative Advocacy Center, CISLAC, Thursday, hailed President Muhammadu Buhari over the appointment of Dr Orji Ogbonnaya Orji as Executive Secretary of Nigeria Extractive Industries Transparency Initiative, NEITI.

NEITI, CAC to name actual owners of oil and gas assets

The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Corporate Affairs Commission (CAC) are set to establish a joint coordination committee to disclose real owners of oil, gas and mining assets in the country.
The Nigeria Extractive Industries Transparency Initiative, NEITI, has said that it will be working with the Corporate Affairs Commission, CAC, to identify, document and disclose the real owners of Nigeria’s oil, gas and mining assets under the country’s implementation of Beneficial Ownership policy of the global extractive industries transparency initiative.

NEITI, CAC partner to check tax evasion, terrorism financing

The Nigeria Extractive Industries Transparency Initiative, NEITI, has said that it will be working with the Corporate Affairs Commission, CAC, to identify, document and disclose the real owners of Nigeria’s oil, gas and mining assets under the country’s implementation of Beneficial Ownership policy of the global extractive industries transparency initiative.
The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN,

AGF: High-profile Nigerians ‘financing terrorism’ identified

The Attorney-General of the Federation (AGF), Abubakar Malami, said on Friday, that ongoing investigations have revealed many highly placed Nigerians and businessmen involved in financing terrorism.

EFCC: NGOs aiding terrorism financing will be sanctioned

The anti-graft agency, in a statement, restated that it was mandatory to report to the Special Control Unit against Money Laundering, any transaction through any formal financial channels in excess of $10,000 and any cash donations in excess of $1,000.
The suspect, Godwin Iboro, was arrested last Wednesday when one of the young men he had brought from Nigeria reported the sudden death of a colleague to the Amasaman police.

Scores of Boko Haram financiers arrested, accounts blocked

A massive crackdown on financiers of Boko Haram and other criminal gangs has begun, with scores of persons arrested by security agents.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

FIRS: We found 6,722 companies with N1 billion banking turnover paying no taxes

The Federal Inland Revenue Service (FIRS) says it discovered that 6,722 companies, partnerships and enterprises with a banking turnover of N1 billion were not paying taxes as of May 2018.
The Director-General of National Assembly’s National Institute for Legislative and Democratic Studies (NILDS), Professor Abubakar Suleiman, on Saturday, said ethnicity and religious biases were largely responsible for the growing insecurity in the country.

NILDS chief: Ethnicity, religious biases fueling insecurity

The Director-General of National Assembly’s National Institute for Legislative and Democratic Studies (NILDS), Professor Abubakar Suleiman, on Saturday, said ethnicity and religious biases were largely responsible for the growing insecurity in the country.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Crypto ban: We acted in Nigerians’ best interest – CBN

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Bank’s decision to prohibit deposit money banks, non-banking institutions, and other financial institutions from facilitating trading and dealings in cryptocurrency is in the best interest of Nigerian depositors and the country’s financial system.
The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.

CBN: No going back on cryptocurrencies

The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Cryptocurrencies prone to financial crimes

Following reactions trailing a recent Central Bank of Nigeria (CBN) directive to Deposit Money Banks (DMBs) to desist from cryptocurrencies transactions, the apex bank has clarified that the intention is to ensure accountability.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Crypto ban’s to protect Nigerians, financial system

The Central Bank of Nigeria (CBN) yesterday said its decision to ban the use of cryptocurrencies in the country is to protect Nigerians and the nation’s financial system from the illegal nature of such currencies and the inherent risks associated with them.
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

Nigeria’s central bank investigates crypto companies’ accounts for fraud

The Central Bank of Nigeria (CBN) has opened investigations into bank accounts of companies involved in the trading of cryptocurrencies with the intention of blocking those with suspicious transactions and fraud.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

#EndSARS: CBN froze my account for receiving N30,000 donation – campaigner

An #EndSARS campaigner, Saadat Bibi, has said her account with Access Bank was frozen on the instruction of the Central Bank of Nigeria because of the donation of N30,000 she received to organise the campaign against police brutality and buy food for demonstrators.
The Central Bank of Nigeria was granted permission to freeze the accounts of 20 #EndSARS campaigners after linking the funds in their account to “suspected” terrorism activities.

Central bank accuses #EndSARS campaigners of terrorism

The Central Bank of Nigeria was granted permission to freeze the accounts of 20 #EndSARS campaigners after linking the funds in their account to “suspected” terrorism activities.

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.

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The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Naira appreciates at N493 to dollar in parallel market

The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks.
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President Muhammadu Buhari Thursday in Maiduguri, Borno State, assured citizens of the federal government’s presence in fighting terrorism to the end, and ensuring that Internally Displaced Persons (IDPs) are fully returned to continue normal lives, commending Governor Babagana Zulum for resilience and relentless efforts in rebuilding the state.

President Buhar: We won’t rest until peace is fully restored in Borno

President Muhammadu Buhari Thursday in Maiduguri, Borno State, assured citizens of the federal government’s presence in fighting terrorism to the end, and ensuring that Internally Displaced Persons (IDPs) are fully returned to continue normal lives, commending Governor Babagana Zulum for resilience and relentless efforts in rebuilding the state.
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Court remands 19-year-old for ‘armed robbery’

A Magistrates’ Court in Makurdi on Thursday ordered that a 19-year-old man, Jacob Utambe, charged with with armed robbery be remanded in a correctional centre, pending legal advice.
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The Minister of Transportation, Mr Rotimi Amaechi, says the Federal Government has extended the Lagos-Ibadan Modernisation Project from its original destination at Ebutte Meta to Lagos Ports.

Minister blames poverty, inequality for Nigeria’s underdevelopment

The Minister of Transportation, Mr. Rotimi Amaechi, has blamed inequality and extreme poverty for Nigeria’s underdevelopment.