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Terrorism Financing

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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Nigerian Stock Exchange NSE

NSE indices record 0.21 percent loss

The Nigerian Stock Exchange (NSE) market indices shed 0.21 per cent due to loses in some blue chips.
The team’s General Manager, Musa Adamu revealed that the team had to wait for the NBBF President, Musa Kida to return from Senegal where he went to cheer the D’Tigress to their fourth African title.

FIBA World Cup: D’Tigers departs for China on loan

The Men’s senior National Basketball Team will tonight leave for China for the final phase of their 2019 FIBA World Cup preparations.
The Federal High Court Abuja, on Monday, refused to grant a request stopping President Muhammadu Buhari from inaugurating the 43 ministerial nominees over the exclusion of an FCT indigene from the cabinet list.

Pass all requests for meetings with me through Abba Kyari – President Buhari tells ministers

President Muhammadu Buhari on Tuesday told incoming ministers that all requests for meetings with him should pass through his chief of staff, Abba Kyari.
Tukur Buratai

COAS: Nigerian Army ready to enhance local capacity in logistics provision

The Chief of Army Staff, Lt.-Gen. Tukur Buratai, has expressed the readiness of Nigerian Army to enhance local capacity in providing logistics for its operations.
Omoyele Sowore

#RevolutionNow: Court refuses to release Omoyele Sowore

A Federal High Court in Lagos has declined to order the release of SaharaReporters publisher, Omoyele Sowore, and other persons in connection with the August 5, #RevolutionNow protest.