Buhari signs NFIU Act into law
President Muhammadu Buhari has signed the Nigerian Financial Intelligence Unit bill (NFIU) into law.
This was disclosed by the Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang, while briefing State House correspondents on Wednesday.
According to him, NFIU is the Nigerian arm of the global Financial Intelligence Units (FIUs) which was before now domiciled within the Economic and Financial Crimes Commission (EFCC) as autonomous unit and operating in Africa.
He said the NFIU seeks to comply with international standards on combating money laundering and financing of terrorism and proliferations and checking of suspicious transactions.