MONEY LAUNDERING: Nigeria Plans Tougher Anti-money laundering, Terrorism Financing Measures
The Nigerian government has revealed its plans on issuing stronger measures in tackling corruption, money laundering and financing of terrorism and other violent crimes.
In a statement by the Nigerian Financial Intelligence Unit (NFIU), the government said it will soon unveil “significant measures” it described as necessary in order to move the country forward.
The NFIU was recently granted operational autonomy from the Economic and Financial Crimes Commission (EFCC), after the signing of a law passed by the National Assembly last year.
President Muhammadu Buhari’s nominee to head the financial intelligence agency, Modibbo Tukur, was cleared for the post in January. A statement by NFIU’s Ahmed Dikko said the unit is now fully repositioned to commence full operations from 1st April 2019.