The Presidency has vowed to take concrete steps to ensure Nigeria’s removal from the global Financial Action Task Force (FATF), grey list before the May 2025 deadline. The Chief of Staff to the President, Femi Gbajabiamila, gave this assurance during a fact-finding visit to the office of the Nigerian Financial Intelligence Unit (NFIU), in Abuja on Tuesday. Responding to a …

The Nigerian Financial Intelligence Unit (NFIU), has uncovered 27 cells belonging to the Indigenous Peoples of Biafra (IPOB), in 22 countries across the globe, including the United States of America, the United Kingdom of Great Britain and Northern Ireland. The unit in its ‘Counter Terrorism Financing Newsletter’ dated 26 February 2024, said the US and the UK housed the largest …

President Bola Tinubu has approved the appointment of Ms. Hafsat Abubakar Bakari as Director/Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), pending her confirmation by the Senate. Bakari is a lawyer and financial intelligence expert with years of experience in anti-money laundering, counter-terrorism financing, and counter-proliferation financing. She had served as Deputy Director at NFIU, and was at …

The Nigeria Financial Intelligence Unit (NFIU) has banned cash withdrawals from accounts belonging to the Federal Government, all its agencies, and also state and local governments. This is effective from 1st March. NFIU also said that any government official that withdraws cash from public accounts risks investigation from the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices Commission …

The Nigerian Financial Intelligence Unit (NFIU) will on Thursday announce new guidelines on cash withdrawals from all government accounts. Last month, the Director and Chief Executive Officer of NFIU, Mr Modibbo Tukur said that the unit was putting all measures in place to stop cash withdrawals from federal, state, and local government areas’ bank accounts. He said: “Because of the …