Nigerian Financial Intelligence Unit

In 2018, the Nigerian Financial Intelligence Unit (Establishment) Act transformed the Unit into an autonomous and independent agency domiciled with the Central Bank of Nigeria. The NFIU is an administrative type FIU, which draws its powers from the 2018 NFIU Act, the 2012 Money Laundering (Prohibition) Act (ML(P)A) as amended and the 2013 Terrorism... (Prevention) Act (T(P)A). The NFIU is the Secretariat of the Inter-Ministerial Committee on Anti-Money Laundering and Counter-Terrorist Financing (IMC) www.imc.gov.ng , the national coordination body for the country's strategy to combat money laundering and terrorist financing. The Unit is also the Secretariat of the National Sanctions Committee (NSC) chaired by the Honourable Attorney-General and Minister of Justice of the Federation which is responsible for the implementation of United Nations Security Council Resolutions to combat global crime. Central FunctionsRead More