NFIU
24 Jan
A faction of Ohanaeze Ndigbo, yesterday, threatened to take legal actions against any governor, especially those from the South-East that divert local council funds.
21 Jan
The Chief Executive Officer, Nigerian Financial Intelligence Unit (NFIU), Hafsat Abubakar Bakari, has called for stakeholders' collaboration for the country to succeed in mitigating risks and safeguarding its financial system. Bakari made this observation on Tuesday in Abuja at the National Anti-Money Laundering, Combating Terrorism Financing and Counter-Proliferation Financing (AML/CFT/CPF) Compliance Summit, organised by the…
11 Dec
The Ambassador of the United Kingdom (UK), Dr Richard Montgomery, said the United Kingdom is working with the Central Bank of Nigeria (CBN) and the Nigeria Financial Intelligence Unit (NFIU) to track illicit inflows.
4 Dec
PalmPay, a leading fintech company in Nigeria, has reiterated its commitment to combating financial fraud through cutting-edge technology. This was disclosed during a high-level courtesy visit by the company’s Managing Director, Chika Nwosu, and management team to the Nigerian Financial Intelligence Unit (NFIU). Addressing the growing prevalence of fraud in the country, Nwosu, Managing Director…
2 Dec
The Nigeria Financial Intelligence Unit (NFIU) has called for a Public-Private Partnership (PPP) to curb networks facilitating the smuggling of weapons, drugs, and other illegal goods into the country. Chief Executive Officer Hafsat Abubakar Bakari made the appeal in Lagos during a dialogue organised by the NFIU and the London Stock Exchange Group, which focused…
28 Nov
The Money Laundering Act 2022 provides an elaborate framework that prevents and addresses money laundering in Nigeria, through the establishment of the Special Control Unit Against Money Laundering (SCUML) which is a key agency. The SCUML functions under the Economic and Financial Crimes Commission (EFCC), supervising Designated Non-Financial Businesses and Professions to make sure these…
26 Nov
The Chief Executive Officer of the Nigeria Financial Intelligence Unit (NFIU), Hafsat Abubakar Bakari, revealed that networks facilitating global financial crimes are exploiting the weaknesses of stakeholders involved in combating these crimes to spread weapons and other illicit goods, destabilizing the African region. Bakari made this observation on Tuesday in Abuja during a roundtable discussion…
26 Nov
The Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria (CIFCFIN) has sought collaboration with the Central Bank of Nigeria (CBN), Nigeria Financial Intelligence Unit (NFIU) and Financial Technology (Fintech) companies to contain corruption and financial crimes in the country. This was disclosed by the institute’s Registrar/Chief Executive, Dr Isa Salifu, against the backdrop of…
25 Nov
The Nigerian Financial Intelligence Unit (NFIU) has said the Financial Action Task Force (FATF) had approved three additional grades in its anti-money laundering and counter-terrorism financing quest, making it the fifth progress report since greylisting the country in February 2023.
24 Nov
The Nigerian Financial Intelligence Unit (NFIU) has announced that the Financial Action Task Force (FATF) has approved three additional grades in its anti-money laundering and counter-terrorism financing efforts, marking the fifth progress report since Nigeria was greylisted in February 2023. FATF, established in 1995, is the global body tasked with leading actions to combat money…
16 Nov
The Supreme Court, on Friday, dismissed the suit instituted by 16 states of the federation against the Attorney-General of the Federation (AGF) challenging the constitutionality of the acts establishing the Economic and Financial Crimes Commission (EFCC) and two others.
15 Nov
The Supreme Court on Friday dismissed a suit filed by Kogi and some other state governments challenging the constitutionality of the laws