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Jack Dorsey, the co-founder and chief executive officer of Twitter, a microblogging platform, says “the people of Nigeria will lead bitcoin” revolution.
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 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.
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.
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.
A massive crackdown on financiers of Boko Haram and other criminal gangs has begun, with scores of persons arrested by security agents.
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.
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) 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 opened investigations into bank accounts of companies involved in the trading of cryptocurrencies with the intention of blocking those with suspicious transactions and fraud.
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.
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.
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).
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.
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.
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.
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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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, has blamed inequality and extreme poverty for Nigeria’s underdevelopment.