Senate approves inclusion of NFIU in Proceeds of Crime Recovery Management’s board
In a sponsored motion by the Senate leader, Ahmed Lawan, he said the NFIU, which is an anti-corruption entity, would play a fundamental role in the agency.
In the passed bill, NFIU was not on the governing board despite its strategic role as an anti-corruption outfit, a situation that prompted the Senate to reconsider its earlier stand. “Aware that the Nigeria Financial Intelligence Unit as an anti-corruption entity will play a fundamental role in the operation of the Proceed of Crimes Recovery and Management Agency. ”
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.
LGs and the NFIU threat – Daily TrustThe threat issued by the Nigeria Financial Intelligent Unit (NFIU) that any commercial bank that allows transaction from any local government account without the monthly allocation first reaching their account will be sanctioned and that the transaction per day should not exceed ₦500,000, is a welcome development. It is imperative that the government had good …
Read more »
NFIU: Governors may lose control of local government funds - The Nation NewspaperGovernors may lose control of local government funds from the Federation Account, going by the new Nigerian Financial Intelligence Unit (NFIU) guidelines. The Joint Account System in place in most states will only exist for the receipt of allocations but not disbursement, according to the guidelines. Besides, each of the 774 local government areas may …
Read more »
LGs can’t withdraw more than N.5m cash daily from June – NFIU
Read more »
NFIU moves to bar govs from access to LG funds – Daily TrustThe Nigerian Financial Intelligence Unit (NFIU) has barred banks from allowing transactions from State Joint Local Government Accounts (SJLGAs) without monies first reaching a particular local government account. Daily Trust reports that this bar governors access to LG funds as currently obtained in most states.ADVERTISEMENT A statement issued in Abuja yesterday by the Acting Chief …
Read more »
NFIU bars direct transactions from state joint local government accounts – Daily TrustThe Nigerian Financial Intelligence Unit (NFIU) has barred banks from allowing transactions from State Joint Local Government Accounts...
Read more »
NFIU threatens to sanction banks over illegal withdrawals from LG funds - Premium Times NigeriaNigerian Financial Intelligence Unit (NFIU) has issued guidelines to stimulate the reduction of crime vulnerabilities created by cash withdrawals from local government funds across the country.
Read more »
I never imagined I’d be in politics – Sen. Lawan – Daily TrustSenate Leader Ahmad Lawan, a major contender for the office of Senate President in the incoming 9th Senate in this interview bares his mind on the contest, what he has to offer, and other issues. Excerpts: Daily Trust: How does it feel, coming from a tough general election, to face another tough battle for Senate …
Read more »
INSECURITY: We're helpless, IGP cries out to Senate - Vanguard NewsWITH shortage there is little or nothing the police can do to curb the rising waves of insecurity in the country, the Inspector Gene, IGP, Mohammed Adamu,
Read more »
Why Senator OVie Omo-Agege should be the next deputy senate president - Vanguard NewsWe the good people of Delta State first and foremost congratulate His Excellency, President Muhammadu Buhari on his well deserved and well won victory in the 2019 elections.
Read more »
Senate Presidency: Goje’s imminent entry brings new twist – Daily TrustWith less than five weeks to the inauguration of the 9th National Assembly, there are new twists in the leadership contest for the federal legislature as pressure mounts on Senator Mohammed Danjuma Goje to officially declare for Senate President, Daily Trust can report. It was gathered that in the last few days, a lot of …
Read more »