The Nigerian
Senate has resolved to pass a law that would make the Nigerian Financial
Intelligence Unit, NFIU, independent of the anti-graft agency, EFCC.
On
Wednesday, the lawmakers based their decision on the reported suspension of the
NFIU from the Egmont Group.
Accoding to Saharareporters, The NFIU, an
arm of the Economic and Financial Crimes Commission, EFCC, was reportedly
suspended from the Egmont Group of Financial Intelligence Units over Nigeria’s failure
to provide legal framework that will make the NFIU autonomous, The Cable
reported last week.
The NFIU
helps tackle money laundering and monitor financial flows, task eased by its
membership of the Egmont Group whose members share intelligence relating to
international finance and illicit flow.
Critics of
separating the NFIU from the EFCC have said it would weaken the anti-graft
agency which has tackling financial crimes as one of its main task.
Details
later…
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