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The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) is conducting a three-day awareness workshop on enhancing Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) compliance among real estate dealers in Abuja. The workshop is scheduled from Monday 25 – 27 April 2022, GIABA said in a…
A Federal High Court sitting in Sokoto has adjourned hearing in the case of five car dealers standing trial for allegedly violating Economic and Financial Crimes Commission (EFCC) regulations. | Pulse Nigeria
EFCC lawyer accuses Paul Erokoro, SAN, counsel to James Nolan, a director in P&ID, of deploying delay tactics in the ongoing trial.
The Nigerian Senate on Wednesday passed the Money Laundering Act, 2011, Amendment Bill. It was passed after due consideration.
The bill makes it mandatory for banks and other financial institutions to report any single transaction or lodgment in excess of N5 million for an individual, and N10 million in the case of a corporate body.