Home Business Crime Buhari Signs Law Separating NFIU from EFCC
Crime

Buhari Signs Law Separating NFIU from EFCC

Share
Share

President Muhammadu Buhari of Nigeria

 

 

Culled–Proshare

11/7/2018/Proshare WebTV

President Muhammadu Buhari today took a major decision in the anti-corruption architecture for Nigeria, with the signing of the bill that empowers the Nigerian Financial Intelligence Unit, to serve as an autonomous body.

This will now separate the NFIU from the Economic Financial Crimes Commission, a criterion that was required for Nigeria to remain in the Egmont group, a global body that supervises the operations of Financial Intelligence Units from 131 jurisdictions.

According to the Senior Special Assistant to the President on National Assembly Matters, Senator Ita Enang the NFIU will now be operating under the Central Bank of Nigeria.

It will be recalled that the National Assembly had passed the bill for the NFIU, the Senate in July, 2018 and the House of Representatives in March, 2018.

With this development it is expected that the Egmont Group will reconsider its decision on Nigeria’s suspension exactly a year ago.

Reacting to the Presidential accent to the NFIU bill, the Senate President Dr Abubakar Bukola Saraki lauded the action, stating that it will help to further institutionalize the fight against corruption, by promoting the exchange of information between Nigeria and other countries on issues that relate to criminal intelligence and financial investigations.

Proshare

 

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

EFCC Arrests Woman For Employment Scam In Kaduna

The Kaduna Zonal Directorate of the Economic and Financial Crimes Commission, EFCC...

Osun Shooting : Governor Adeleke Calls For Peace As IGP Orders Immediate Arrest Of Moses Lohor For Attempted Murder

Amidst tension in Osun, Governor Ademola Adeleke has called for peace to...

Police Respond To Alleged Extortion By Operatives In Kubwa

FCT Police Command on Wednesday said it has commenced investigation into alleged...

Police Arrest Ex- Convict, One Other For Removing, Stealing Erected Gate From Residential Building

Operatives of the Rapid Response Squad (RRS) yesterday arrested an ex-convict and...