Eko Hot Blog reports that the Federal Government has slammed a $10 billion fine on the cryptocurrency trading platform Binance over its role in the free fall of the naira. This was made known by the Special Adviser to the President On Information and Strategy, Bayo Onanuga, in an interview with the BBC on Friday … Read more
Eko Hot Blog reports that President Bola Tinubu has approved the appointment of Ms. Hafsat Abubakar Bakari to serve as the Director/Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU). The president’s spokesperson, Ajuri Ngelale, disclosed the development in a statement Tuesday evening. He said the appointment is pending Bakari’s confirmation by the Senate. … Read more
NFIU has banned cash withdrawals from government bank accounts. All relevant government transactions will be carried out on the basis of electronic transfer from March 1. Under the guidelines, only the President can give a waiver for any cash above the approved daily threshold to be withdrawn. Eko Hot Blog reports that the Nigerian Financial … Read more
FG has identified 100 high-risk Boko Haram financiers. EKO HOT BLOG reports that the Federal Government has said it has identified 100 high-risk financiers of Boko Haram in the country. The Minister of Interior, Rauf Aregbesola, made this known while speaking at the 3rd Ministerial Conference on Counter-Terrorism Financing in India over the weekend. EDITOR’S … Read more
The ongoing investigation of the suspended acting chairman of economic and financial crimes commission (EFCC), Ibrahim Magu, has taken an ugly turn following an alleged cover-up of dirty details of sharp practices in the commission. EkoHotBlog gathered that some unknown people allegedly broke into the new office of the Nigerian Financial Intelligence Unit (NFIU) and … Read more
– NFIU said that the leaked letter indicating that it is investigating top public office holders was false and misleading – It is also pertinent to note that the NFIU has the major responsibility to maintain and regularly update about PEPs – NFIU,not investigating any of the top public office holders The Nigerian Financial … Read more
NFIU has begun investigation into bank accounts of top public office holders. Those whose bank accounts would be investigated are President of the Senate, his deputy, the speaker of house of representatives; his deputy, CJN,all judges, Principal officers and members of the House of Assembly. The Nigerian Financial Intelligence Unit (NFIU) has begun … Read more
The Presidential Advisory Committee Against Corruption (PACAC) of the Buhari government says it is working on an alternative approach towards the fight against corruption by using non conviction based assets forfeiture regime. PACAC Executive Secretary, Prof. Sadiq Radda, disclosed this while speaking at an Anti-corruption Agencies Strengthening Initiative Project meeting and launch organised by Centre … Read more