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

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now