30 results
- 17 Jul 2014
Senate Moves Financial Intelligence Unit to CBN
Senate yesterday moved the Financial Intelligence Centre from the Economic and Financial Crimes Commission (EFCC) to the Central Bank of Nigeria (CBN). Senators unanimously adopted the report…
- 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 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…
- 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.…
- 24 Nov 2021
OBG Launches Academy in Nigeria to Foster Financial Education
In partnership with OBG LLC in the United States, OBG Limited has announced the launch of its financial literacy Academy in Nigeria as part of efforts towards improving financial education in the…
- 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…
- 21 Apr 2025
PAFON 2.0: Experts Discuss Pathways to Boost Financial Inclusion in Nigeria
Improved efforts at collaboration among financial service providers, telecommunication operators, and tech Startups, with conscious effort geared at consumer awareness, have been proffered as key…
- 10 Jan 2024
AI in Nigeria hosts artificial intelligence summit in Lagos
AI in Nigeria is thrilled to announce its groundbreaking artificial intelligence (AI) conference and hackathon, InnovateAI Lagos 2024. InnovateAI Lagos 2024, which is set to be a pivotal event in the…
- 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…
- 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…
- 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.…
- 8 Feb 2022
Mastercard Expands its Business Intelligence Platform for Financial Institutions in Middle East and Africa
Mastercard has announced the expansion of its new interactive business intelligence platform Mastercard Market Trends in the Middle East and Africa. The new platform provides a comprehensive view of…
- 29 Jan 2021
Carnegie Endowment Report Shows How Over £30M Illicit Financial Flows from Nigeria to UK Education Sector
The Carnegie Endowment for International Peace report, commissioned by the UK Government, spotlights risks of illicit financial flows to UK education sector On Thursday 28 January 2021, the Carnegie…
- 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…
- 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. …
- 9 Apr 2025
Nigeria to Exit Grey List Soon – SEC
Nigeria may soon exit the Financial Action Task Force (FATF) grey list, Emomotimi Agama, director-general, Securities and Exchange Commission (SEC), has said. Emomotimi Agama, DG, SEC This is with…
- 27 Oct 2019
Accuity, Union Systems Advocate for Higher Financial Crime Compliance Standard
The September General Meeting of the Association of Chief Compliance Officers of Banks in Nigeria (ACCOBIN) held recently in Lagos. The event which brings together compliance professionals and…
- 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…
- 12 Jun 2020
Usoro Calls for Collaborative Effort to Achieve 95% Target for Financial Inclusion by 2024
Usoro Usoro, general manager, Mobile Financial Services, MTN Nigeria, has said that in order for the country to meet the 95% target for financial inclusion by 2024 set by the Central Bank of Nigeria,…
- 13 Feb 2026
IGP Designates Banks National Security Asset, Orders Crackdown on Cyber Frauds
Kayode Egbetokun, inspector-general of Police (IGP), has declared Nigeria’s banking industry a strategic national asset, ordering an immediate intelligence-led crackdown on cybercriminal networks,…
- 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,…
- 27 Apr 2025
EFCC Bans Cash above $10,000 from Leaving Nigeria without Declaration
Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), has warned against cash transportation above $10,000 or its equivalent without declaration to the appropriate…
- 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…
- 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…
- 15 Nov 2019
ALMPO announces theme, speakers for Mobile Money conference 2019
The Association of Licensed Mobile Payment Operators (ALMPO) is set to host the 2019 Mobile Money Conference. The theme for this year’s event is; Mobile Money: “Beyond Payments” . The august event is…
- 24 Nov 2019
Eziukwu, Group CEO BlueTag to Keynote 2019 Mobile Money Conference
Mr. Uzo Eziukwu, group ceo, BlueTag Group, has been scheduled to present the keynote presentation as the Association of Licensed Mobile Payment Operators (ALMPO) is set to host the 2019 Mobile Money…
- 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…
- 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…
- 14 Oct 2024
SiBAN Expels Violators of Code of Conduct, Pledges to Sanitize Blockchain Sector
Stakeholders in Nigeria’s Blockchain sector under the auspices of Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) have begun the process of sanitizing the sector by weeding out…