NFIU

Tax crimes and fraud accounted for more than half of the financial crime intelligence reports disseminated by the Nigerian Financial Intelligence Unit (NFIU) to law enforcement and regulatory authorities in 2025, while banks remained the dominant source of suspicious transaction reports.

The Nigerian Financial Intelligence Unit (NFIU) says terrorists, kidnappers, drug traffickers, cybercriminals, and other organised criminal groups depend on illicit financial flows, with financial intelligence increasingly helping to disrupt their operations. The agency disclosed that intelligence generated by...

April 30, (THEWILL) – Livestock, betting, crypto exchange, spare parts businesses, fintech platforms, wire transfer and bank accounts are among major channels used to move proceeds of Kidnapping for Ransom (KFR) in and out of the country, the Nigeria...

August 07, (THEWILL) - The Federal High Court (FHC) has refuted reports that its annual training for Judges currently ongoing in London was sponsored by the Assets Management Corporation of Nigeria (AMCON). A statement by the FHC described the...

April 04, (THEWILL) – The Central Bank of Nigeria (CBN), state governors, the Economic and Financial Crimes Commission (EFCC) and the Nigeria Financial Intelligence Unit (NFIU) will meet in Abuja today (Tuesday, April 4, 2023), over the facilities...

January 21, (THEWILL) - The Nigeria Governors’ Forum (NGF) has faulted the recent directive by the Nigeria Financial Intelligence Unit (NFIU), directing banks from executing demands for cash withdrawals from all public accounts. NFIU, on January 5, directed banks in the...

January 05, (THEWILL) - To stop indiscriminate withdrawal of cash from public accounts, the Financial Intelligence Unit (NFIU) has directed all financial institutions in the country to halt demands for cash withdrawals from government accounts from March 1, 2023. However,...