President Muhammadu Buhari has signed the Nigeria Financial Intelligence Unit Act into law.
According to the Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang, NFIU is the Nigerian arm of the global Financial Intelligence Units (FIUs) which was before now domiciled within the Economic and Financial Crimes Commission (EFCC) as an autonomous unit and operating in Africa.
Senator Ita Enang said that the NFIU seeks to comply with international standards on combating money laundering, financing of terrorism, proliferations and checking of suspicious transactions.
Enang said that with the signing of the bill, the NFIU will cease to exist as a department in the Economic and Financial Crimes Commission.
“NFIU will now be domiciled in the Central Bank of Nigeria, but as an autonomous and Independent body,” Senator Enang said.
The Federal Government of Nigeria has taken a historic step in its commitment to the…
Experts have called for a stronger commitment to ethical journalism, data-driven reporting, and responsible storytelling…
The All Progressives Congress (APC) governorship candidate for Ogun State for the 2027 election, Senator…
Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the ex-depot price of Premium…
Zamfara State Government under the leadership of Governor Dauda Lawal has earmarked N7.2 billion for…
BY OLADAPO SOFOWORA In the relentless theatre of Lagos' environmental space, the stakes are measured…