The Nigerian Financial Intelligence Unit (NFIU) says it is working to remove the country from a 'grey list' of the Financial Action Task Force (FATF).
June 22, 2023 1:12 PMThe Nigerian Financial Intelligence Unit says it is working to remove the country from a “grey list” of the Financial Action Task Force .FATF is an intergovernmental policy-making body that seeks to combat money laundering and the financing of terrorism.efforts to tackle money laundering and terrorism financing.
Tukur said following Nigeria’s talks with FATF, a list of 15 items were jointly agreed on to form part of the country’s action plan. “This is a significant reduction from the 84 items identified as deficiencies in the country’s evaluation report published in August 2021,” the CEO was quoted as saying in a statement.“Stakeholder agencies involved in the country’s AML/CFT framework together with representatives from the private sector met in May this year and agreed on a revised strategic roadmap to exit the grey list.”
On his part, Yakubu Maikyau, president of the Nigerian Bar Association , said the legal body would comply with the standards of FATF. Maikyau, represented by Roland Ottaru, a senior advocate of Nigeria , said the NBA would partner with NFIU to organise sensitisation campaigns for members of the legal profession on effective AML/CFT measures.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PHOTO: Tinubu departs Nigeria for financial pact summit in France | TheCablePresident Bola Tinubu departed Abuja on Monday morning to attend the summit for a new global financial pact in France.
Read more »
PHOTOS: Tinubu departs Nigeria for financial pact summit in France | TheCablePresident Bola Tinubu departed Abuja on Monday morning to attend the summit for a new global financial pact in France.
Read more »
Nigeria, Ghana partner to tackle hate speech | The Guardian Nigeria News - Nigeria and World NewsTwo West African giants, Nigeria and Ghana have gone into partnership in their effort to fight against the menace of hate speech in both countries.
Read more »
ICRC insists Nigeria Air project followed due process | The Guardian Nigeria News - Nigeria and World NewsThe Infrastructure Concession Regulatory Commission (ICRC), has insisted that the former Minister of Aviation, Hadi Sirika followed due process guiding public-private partnership in the establishment of the Nigeria Air project.
Read more »
Airtel Africa expects fresh blow to financial performance amid Nigeria’s forex market reformsAirtel Africa, the continent’s unit of New Delhi’s telecommunications titan Bharti Airtel, is the biggest company in Nigeria by market value, currently worth N4.8 trillion ($7 billion).
Read more »
UN donates $20m to address food security, nutrition challenges in north-east Nigeria | TheCableThe United Nations has donated $20 million to boost the humanitarian response to challenges of food security and nutrition in north-east Nigeria. Ann Weru, head of public information United Nations
Read more »