6 results
- 7 Jan 2013
CBN Seeks More KYC from DNFBPs
Central Bank of Nigeria (CBN) has introduced additional Know Your Customer (KYC) requirement for all designated non-financial businesses and professions (DNFBPs) with effect from February 1. This…
- 13 Apr 2026
SEC Freezes Assets of 13 Terrorism Financiers in Capital Market Crackdown
Nigeria’s Securities and Exchange Commission (SEC) has slammed an immediate asset freeze on 13 entities—10 individuals and three companies - designated as terrorism financiers by the Nigeria…
- 17 Mar 2022
Senate Amends Money Laundering Act, Banks to Report Deposits to EFCC
The Senate has passed a bill to amend the Money Laundering Act 2011, which makes it mandatory for Deposit Money Banks and other financial institutions to report to the Special Control Unit Against…
- E-Financial18 Aug 2026
Banks, Others Report 42,082 Transactions to NFIU
Financial institutions in Nigeria filed 42,082 suspicious transactions reports to the Nigerian Financial Intelligence Unit (NFIU) in 2025, as financial institutions stepped up compliance with anti-money laundering regulations amid tighter regulatory oversight.
- 17 May 2024
TI-Nigeria Boss Alleges Nigerian Banks Offer Opportunities for Terrorism Tinancing
Awual Rafsanjani, executive director, Civil Society Legislative Advocacy Centre (CISLAC) and head, Transparency International in Nigeria (TI-Nigeria), has accused banks of offering opportunities for…
- 21 Apr 2025
EFCC Clarifies SCUML Certificate Misuse amid CBEX Ponzi Scheme Scandal
Economic and Financial Crimes Commission, EFCC, has dismissed the claims that the defunct digital asset trading platform, CBEX, was registered with its Special Control Unit against Money Laundering,…