Category: AML – CFT NEWS

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 […]

Sep 24

Anti-Money Laundering And Combating The Financing Of Terrorism Policy and Procedure Manual

Background The Central Bank of Nigeria Act 2007 (as amended) enumerated the core functions of the Bank as follows; Ensure monetary and price stability; Issue legal tender currency in Nigeria: Maintain external reserves to safeguard the international value of the legal tender currency; Promote a sound financial system in Nigeria and; Act as Banker and […]