30 results
- 13 Sept 2019
NFIU Writes Banks, Asks for Account Details of Judges, NASS Members
Nigerian Financial Intelligence Unit (NFIU) has written to banks in Nigeria, requesting account details of all legislative and judiciary officials in the country. NFIU is the Nigerian arm of…
- 18 Jul 2019
NFIU to Clampdown on Shell Companies
Nigeria Financial Intelligence Unit (NFIU), said it will start crackdown on ghost businesses across the country, amidst concerns about lax regulation of companies’ financial dealings. NFIU, is…
- 15 May 2025
NFIU Warns Against Use of BNBEX over False Claims
Nigerian Financial Intelligence Unit (NFIU) has dissociated itself from BNBEX’s activities and warned Nigerians against using the online trading platform. BNBEX, a global cryptocurrency trading, with…
- 5 Feb 2018
Egmont May Expel NFIU, Blacklist Nigerian Credit Cards
Nigerians may no longer be able to carry out international transactions as Egmont Group is considering expelling the Nigerian Financial Intelligence Unit (NFIU) because of governance issues. …
- 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 Jul 2019
SEC, NFIU Sign Agreement to Tackle Capital Market Fraud
The Securities and Exchange Commission, SEC, Wednesday, signed an agreement with the Nigerian Financial Intelligence Unit, NFIU, to eliminate suspicious transactions from the Nigerian capital market.…
- 6 Mar 2015
SEC, NFIU to Collaborate to Check Money Laundering, Terrorism Financing
The Securities and Exchange Commission (SEC) and the Nigerian Financial Intelligence Unit (NFIU) of the Economic and Financial Crimes Commission (EFCC) have pledged stronger collaboration to fight…
- 25 Jun 2025
NFIU Credits AML/CFT Reforms behind Nigeria’s Nears Exit from FATF Greylist
Nigerian Financial Intelligence Unit (NFIU) has credited a series of strategic reforms under the national Anti-Money Laundering, Counter-Financing of Terrorism, and Counter-Proliferation Financing…
- 29 Nov 2024
NFIU Seeks Advanced Technology to Combat Financial Crimes in Nigeria
The Nigerian Financial Intelligence Unit (NFIU) is ramping up efforts to combat financial crimes through advanced technology and enhanced collaboration as part of its drive to remove Nigeria from the…
- 16 Sept 2019
NFIU Admits Letter Seeking Judges, NASS Members Account Details
Nigeria Financial Intelligence Unit (NFIU) finally admitted on Monday that the letter asking legislators and judicial officers to acquaint it of their bank account details indeed emanated from it.…
- 30 Apr 2025
NFIU Alerts Nigerians of Rising Ponzi Schemes, Unregulated Crowdfunding Scams
The Nigerian Financial Intelligence Unit (NFIU) issued a detailed advisory on yesterday, warning Nigerians about the growing threat of Ponzi schemes and unregulated crowdfunding scams, particularly…
- 30 Aug 2013
NFIU to Sanction Banks over Money Laundering
Nigerian Financial Intelligence Unit (NFIU), yesterday, threatened to sanction financial institutions in the country, following their non-compliance with certain anti-money laundering provisions. Ms.…
- 8 Feb 2021
NCC Boosts NFIU’s Operations with ICT Tools
The Nigerian Communications Commission (NCC), in keeping with its efforts to support Information and Communications Technology usage in government has donated ICT equipment to the Nigerian Financial…
- 7 Mar 2018
Senate Okays Money Laundering Bill, Grants NFIU's Autonomy
The Senate yesterday passed a legislation meant to help authorities tackle money laundering and funding for terrorism by allowing its financial intelligence unit to operate free of state control.…
- 27 Nov 2017
NITDA Clears EFCC, NFIU’s ICT security, Systems Infrastructure Upgrade
By peter oluka The National Information Technology Development Agency (NITDA) has cleared the ICT Security and Systems Infrastructure Upgrade project of the Economic and Financial Crimes Commission…
- 16 Jan 2026
Nigeria Off EU High-Risk Money Laundering List in Major Financial Win
Nigerian Financial Intelligence Unit (NFIU) has hailed Nigeria's removal from the European Union's list of high-risk third countries for Anti-Money Laundering and Countering the Financing of…
- 20 Dec 2022
FG Bans Cash Withdrawals from Public Accounts
The Federal Government is to activate the stoppage of cash withdrawal from all public accounts with immediate effect. In place of cash withdrawals, public officers are to open domiciliary accounts in…
- 20 Mar 2024
FG Names 15 Terrorism Financiers, BDCs
Federal government said that it has uncovered the identity of 15 entities, including nine individuals and six Bureau De Change operators and firms, allegedly involved in terrorism financing. On…
- 5 Dec 2024
PalmPay Reaffirms Commitment to Combating Financial Fraud
PalmPay, a leading fintech company in Nigeria, has reiterated its commitment to combating financial fraud through cutting-edge technology. This was emphasized during a high-level courtesy visit by…
- 12 Aug 2026
SEC Directs Operators to Subscribe to NigSac Alerts, Freeze Terrorists-Linked Funds
Securities and Exchange Commission (SEC) has issued an urgent directive requiring all capital market-regulated entities (CMREs) to immediately subscribe to Nigeria’s Sanctions (NigSac) Alerts system.…
- 24 Oct 2025
FG Welcomes Nigeria’s Delisting from FATF Grey List
President Bola Tinubu has welcomed Nigeria’s delisting from the Financial Action Task Force (FATF) grey list. The FATF, which announced the delisting at its plenary in Paris, France, on Friday, is…
- 13 Aug 2026
SEC Orders Immediate Freeze of Assets Linked to Six Terrorism Financiers, Three Entities
Securities and Exchange Commission (SEC) has directed capital market operators to immediately freeze the assets of six individuals and three entities designated as terrorism financiers by the Nigeria…
- 9 Aug 2020
Magu Probe: Bank CEO Claims N573m Prongly Posted to Prophet Omale’s Account
The Ayo Salami-led panel probing allegations of corruption against, Ibrahim Magu, suspended chairman, Economic and Financial Crimes Commission (EFCC) was stunned on Thursday when Adam Nuru, MD/CEO of…
- 6 Mar 2025
FG Lists Simon Ekpa, 16 Others as Terrorism Financiers, Freezes Accounts
Nigeria Sanctions Committee (NSC) has designated Simon Ekpa, 16 other persons and two entities, for their alleged involvement in supporting terrorist activities and terrorism financing. Simon Ekpa…
- 23 Oct 2020
Beware of Rising Fraud, Terrorism Financing- CBN to Banks
Central Bank of Nigeria (CBN) has told banks and other financial institutions to be on the look out for increased cybercrimes and well as money laundering and terrorism financing (ML/TF) in the wake…
- 23 Apr 2014
Terrorism Financing: NAICOM Beams Searchlight on KYCG of Insurers
National Insurance Commission (NAICOM) has started sending inspectors to insurance firms to ascertain whether they have been complying with the provisions of the law regarding money laundering and…
- 18 Dec 2024
TeamApt's Dennis Ajalie Highlights Importance of Collaboration in Digital Payments
TeamApt Ltd’s Managing Director, Dennis Ajalie, has said that fintech companies and banks play very complimentary roles in deepening payment products and services for users while acknowledging that…
- 18 Apr 2025
CBN Warns Banks, Fintechs on Compliance with Sanctions
Central Bank of Nigeria (CBN) has reminded banks, payment service banks, and fintech companies of their obligations to comply with applicable sanctions regimes. These sanctions include the United…
- 2 Feb 2023
CBN Orders Banks to Start Paying New Notes over the Counter
Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) to commence the payment of the redesigned Naira notes over the counter, subject to a maximum daily payout limit of N20,000. Osita…
- 8 Nov 2021
Local Content: NCC Awards Four Start-Ups with N20m Grant to Help Stimulate Sustainable Economic Growth
In furtherance of its commitment to encourage development of new indigenous technologies and contents, the Nigerian Communications Commission (NCC) has awarded N20 million grant to four deserving…