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Oct 02
Unpacking the Official Construction of Risks and Vulnerabilities for the Third Sector in Nigeria

Are non-governmental organizations in Nigeria poorly regulated? Are non-profit entities used as conduits for money laundering and terrorism financing? This Open Society Foundation-supported research study extensively analyses the results of the 2016 National Risk Assessment on money laundering and terrorist financing risks in Nigeria (Nigeria NRA). It interrogates the applicability of the legal regimes governing anti-money laundering (AML) […]

Sep 28
Central Bank of Nigeria imposes additional charges for cash deposits and withdrawals on bank accounts

In a circular to all deposit money bank (DMBs), the Director, Payments System Management Department at the CBN, Sam Okojere, said henceforth 3 per cent processing fees would be paid for withdrawals and 2 per cent for deposits of amounts above N500,000 for individual accounts. Similarly, corporate accounts will attract 5 per cent processing fees […]

Sep 28
Federal Government increases VAT from 5 to 7.2%

The Federal Executive Council has approved a proposed increase of Value Added Tax from 5 percent to 7.2 percent. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this to State House correspondents after an FEC meeting presided over by President Muhammadu Buhari. Read more: https://www.dailytrust.com.ng/fg-increases-vat-to-7-2-okays-n10-07trn-2020-budget-proposal.html

Sep 28
Nigerian Army shuts down another aid group in Boko Haram troubled northeast

Less than a week after blacklisting Action Against Hunger, the Nigerian Army has suspended another non-governmental organisation, Mercy Corps, in Borno State. Troops of Operations Lafiya Dole, on Tuesday, shut down the activities of Mercy Corps, an NGO that operates in Borno and Yobe states. The military alleged that it intercepted about N29 million in […]

Sep 28
Nigeria shuts Action Against Hunger aid group ‘for feeding militants’

”Nigeria’s army has stopped the work of international NGO Action Against Hunger accusing it of supplying a militant Islamist group with food and drugs. The army said it had warned the NGO against “aiding and abetting” Boko Haram in north-east Nigeria. Action Against Hunger, which denies the accusations, says its “life-saving assistance” to vulnerable people […]

Sep 27
Nigerian lawmakers to revisit NGO regulatory bill.

”The House of Representatives will revisit the controversial bill to regulate Non-Governmental Organisations, Speaker Femi Gbajabiamila has stated. ”The speaker stated it has become imperative to revisit the bill due to the activities of NGOs in the North-eastern part of Nigeria. Speaking during a debate on a motion brought under matters of urgent public importance […]