Category: AML – CFT NEWS
”In this article, Victoria Ibezim-Ohaeri, Executive Director of Spaces for Change, walks us through the developments around shrinking space for civil society in Nigeria and how her NPO successfully organized civil society in engaging in the FATF process. In Nigeria, as elsewhere in the world, the drivers of shrinking civic space are not static. They […]
NFIU: Two Days Mutual Evaluation Training Workshop Organised by the Nigerian Financial Intelligence Unit (NFIU) In Collaboration with the Inter-Ministerial Committee on AML/CFT
GIABA Conducts National Mutual Evaluation Pre-Assessment Training Workshop for Nigeria
2nd Round Mutual Evaluation Workshop Holds in Abuja, Nigeria
THISDAYLIVE: Getting Ready for FATF Evaluation
The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu on Thursday, June 20, 2019 described Designated Non Financial Institutions, DNFIs, as safe havens for money laundering activities by criminals. Magu made this declaration at a one day zonal workshop for the sensitisation of Non Profit Organisations, NPO on compliance with the […]
On June 20, 2019, Spaces for Change (S4C) and the Special Control Unit against Money Laundering and Terrorism Financing (SCUML) co-hosted a workshop, Combating Money Laundering and Terrorism Financing Risks in the Non-Profit Sector, which had in attendance, 62 representatives of religious groups, donor bodies, local and international non-governmental organizations operating in Nigeria’s six geo-political zones in […]
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 […]
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
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 […]