Buhari signs ‘NFIU’ bill, to monitor illegal money transfers, money laundering

President Muhammadu Buhari has signed the Nigerian Financial Intelligence Unit bill (NFIU) 2018 into law, creating a body that will henceforth monitor illegal money transfers and money laundering. The Senior Special Assistant to the President on National Assembly Matters (Senate), Sen. Ita Enang, confirmed this development while briefing State House correspondents in Abuja on Wednesday. […]

Read More

Panic as Egmont threatens to suspend Nigeria master cards, visa holders

The Nigerian banking community is now in panic mode following threat by Egmont Group to suspend the country from its network. If the threat is carried out, millions of Nigerian visa and master cards holders will no longer be able to handle international transactions with their cards. Egmont Group is a united body of 155 […]

Read More