The Nigerian Financial Intelligence Unit has said it is acting within the confines of the law concerning the guidelines on cash withdrawals from all government accounts.
“We feel communities must move on by accommodating changes and adjusting to new developments.”
He added, “But more importantly we need to understand that in recent past, the United States FIU and United Kingdom FIU penalised Nigerian banks with fines of millions of US dollars due to non-compliance.
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.
NFIU reacts to governors' criticism of ban on cash withdrawals from govts' accountsNFIU's statement is in reaction to Nigerian governors' comment that its Advisory and Guidelines on cash transactions were outside the NFIU’s legal remit and mandate.
Read more »
Another leap in financial innovation as we expect the Nigerian domestic card | TheCableSo, early this year, it was announced that the Central Bank of Nigeria in collaboration with the Nigerian Interbank Settlement Systems (NIBSS) will be launching a new innovation called the
Read more »
NFIU: Ban on cash withdrawals from public accounts NOT against governors | TheCableThe Nigerian Financial Intelligence Unit (NFIU) says the proposed plan to ban cash withdrawals from all federal, state, and local government accounts is not against governors. Modibo Tukur, NFIU director-general,
Read more »
Nigerian Court Remands Woman For Alleged Murder Of Nine-Year -Old House Help | Sahara ReportersAn Enugu State Magistrate Court in South-East Nigeria, on Thursday, remanded one Mrs. Ujunwa Ugwuoke in the Enugu Maximum Correctional Centre for the alleged murder of nine-year-old Precious Korshima. SaharaReporters had reported that Ugwuoke was arrested by police for allegedly beating little Precious Korshima who was her house help to death and subsequently dumped her corpse in bush where it was burnt.
Read more »
Why I’ll Legalise Cannabis If Elected Nigerian President —Sowore | Sahara ReportersOmoyele Sowore, the presidential candidate of the African Action Congress (AAC) has explained why he will legalise the sale of cannabis if elected as Nigerian president. This was disclosed during an interview session at Agidigbo FM in Ibadan, the Oyo State capital on Thursday morning. Sowore explained that his mission to legalise cannabis is because of its commercial value, adding that if the substance is exported to foreign lands, it will help in the diversification of the country’s economy.
Read more »
Nnamdi Kanu’s Lawyer Gives Update On Appeal Against Nigerian Government Before Supreme Court | Sahara ReportersIfeanyi Ejiofor, the lead counsel of the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has given an update on the appeal suit against the Nigerian government before the Supreme Court of Nigeria. This was according to a press statement released by Ifeanyi Ejiofor via his Twitter handle on Thursday. Ejiofor vowed that the legal team was ready to ensure a fruitful outing before the Supreme Court.
Read more »