The Senate, has on Thursday, received a bill to establish the Nigerian Financial Intelligence Agency, moving a step closer to making the country’s Financial Intelligence Unit, currently under the Economic And Financial Crimes Commission, EFCC, independent.
The Bill, introduced by Chukwuka Utazi, was read for the first reading on Thursday, a day after the Senate sought the independence for the NFIU, in response to the suspension of Nigeria from the Egmont Group.
The development also came after Ibrahim Magu, Chairman of the EFCC, took a step to “re-position” the NFIU and make it “an autonomous unit under the EFCC.”
More later…