Tag Archives: Money laundering

The President Institute of Directors’ Centre for Corporate Governance (IOD CCG),   Alhaji Shuaibu Idris, has said that illicit financial flow from Africa is a major albatross to the development of the continent.

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A Dubai-bound passenger identified as Sanusi Abdullahi Labaran, has-been arrested by the Nigerian Customs with 5,342 Automated Teller Mechine cards at the Mallam Aminu Kano International Airport, Kano.

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A Managing Director of a property company, Renoccon Properties Development Limited, Babatunde Morakinyo has been arraigned for using its company to receive moneys without informing EFCC in writing.

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Tayo Olanipekun Agencies of the Nigerian government assisted the United States of America in the arrest and successful extradition of a Pakistani national charged with drug trafficking and money laundering, U.S Mission to Nigeria has said. The Nigerian Federal Ministry of Justice with the prosecutors from the Central Authority Unit (CAU) and the National Drug Law Enforcement Agency (NDLEA) made …

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• Non-compliant bank’s Boards may be removed The Central Bank of Nigeria (CBN) and the Office of the Attorney General of the Federation (OAGF) have approved new administrative sanctions regime against banks and their staff who fail to comply with anti-money laundering and terrorist financing regulations. The new rule, signed by CBN Director, Financial Policy and Regulations, Kelvin Amugo, requires …

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