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NFIU, EFCC Senate pass bill to establish NFIA

The speedy passage of the NFIA bill was to prevent Nigeria’s expulsion from the EGMONG Group.

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Senate Plenary play

Senate Plenary

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The Senate has passed into law a bill seeking to establish Nigerian Financial Intelligence Agency (NFIA).

The NFIA bill was introduced to the Senate by the Senator Utazi Chukwuka on Thursday, July 20, 2017.

The bill seeks amongst other things to create a substantive and autonomous Nigerian Financial Intelligence Agency following the country’s suspension from the EGMONT Group.

When this bill becomes law, the Nigerian Financial Intelligence Unit (NFIU) would seize to exist under the Economic and Financial Crimes Commission (EFCC).

The bill scaled second reading and was referred to the committee on anti-corruption plenary on Tuesday, July 25, 2017.

The speedy passage of the NFIA bill was to prevent Nigeria’s expulsion from the EGMONG Group.

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