30 results
- 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. …
- 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…
- 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…
- 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…
- 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…
- 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.…
- 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…
- 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.
- 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…
- 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…
- 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.…
- 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…
- 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.…
- 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…
- 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.…
- 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…
- 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…
- 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…
- 8 Nov 2023
NCC Highlights Role of ICT in Fighting Financial Crimes
Nigerian Communications Commission (NCC) has said effective application of Information and Communication Technology (ICT) is critical in combating financial crimes by enabling real-time surveillance,…
- 29 Aug 2019
NITDA Calls for Synergy Among Stakeholders in Curtailing Financial Fraud and Cybecrime
National Information Technology Development Agency (NITDA), has condemned the labeling of many hardworking Nigerians in the Information Communication Technology (ICT) sector as criminals. The agency…
- 8 Dec 2024
Beware of Fraudulent Giveaways this Yuletide– Moniepoint MD Warns
Babatunde Olofin, managing director, Moniepoint Microfinance Bank, on Sunday warned Nigerians against falling victims to fraudsters who request account numbers for end-of-year rewards. Babatunde…
- 26 Nov 2024
Presidency Reaffirms Commitment to Financial Inclusion, Commends Moniepoint
Federal Government has hailed the contributions and remarkable achievements of Africa's fastest-growing financial institution, Moniepoint Inc in the financial technology sector, its commitment to…
- 17 Aug 2021
CBN Threatens to Prosecute Nigerians Spraying the Naira
Central Bank of Nigeria (CBN) has said it will work with the Nigeria Police and other law enforcement agencies to ensure that anyone found abusing the naira such as spraying the Naira on social…
- 9 Jul 2025
Senate Orders Full Probe into N1.3 Trillion CBEX Ponzi Scandal
The Senate Wednesday launched a full-scale investigation into the operations of Ponzi schemes in the country. The development followed the catastrophic collapse of the Crypto Bullion Exchange (CBEX),…
- 23 Jun 2025
EFCC Drags Cititrust to Court over Unreported ₦200mTransfers
Federal High Court in Lagos has fixed July 1, 2025, for the commencement of trial in a money laundering case involving Cititrust Holdings PLC and three of its subsidiaries. The subsidiaries are…
- 13 Oct 2025
Capital Flight and the Politics of Betrayal: When Leaders Stop Believing in Their Own Economy
By Blaise Udunze Nigeria’s economy is bleeding, not from the absence of money, but from the silent, systemic outflow of capital that should be building industries, creating jobs, and stimulating…
- 25 Nov 2024
Banks, Others Raise N2.7 Trillion from Capital Market - SEC
Securities and Exchange Commission (SEC) has disclosed that banks and other companies raised over N2.7 trillion from the capital market in recent times. The figure, which includes equity capital,…
- 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…
- 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…
- 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…