Nigeria In One Minute

Anti-Corruption war: Why President won’t give assent to CBN-domiciled NFIU Bill – Investigation

Fresh indications emerged last night, on why the Presidency might not rush to give assent to the new Nigeria Financial Intelligence Unit Bill, when it is eventually transmitted to it by the lawmakers.

The two chambers of NASS passed the new NFIU bill, which has formally transferred the controversial agency from the Economic and Financial Crimes Commission, EFCC, to the Central Bank of Nigeria, CBN, in a bid to prevent the country from being axed from Egmont Group, the international financial watchdog.

The meeting of the group takes place tomorrow, Monday, during which Nigeria’s suspension since July, 2017, is expected to be reviewed.

There are concerns about the possible outcome of the review. A top government official told Sunday Vanguard that the Presidency was not convinced that moving the NFIU to the CBN was what the Egmont Group demanded from Nigeria as a condition for lifting its suspension.

Vanguard, 11 March 2018


RipplesNigeria… without borders, without fears

Click here to join the Ripples Nigeria WhatsApp group for latest updates.

Join the conversation


About the author

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.

Do NOT follow this link or you will be banned from the site!