Reps pass bill separating NFIU from EFCC
The House of Reps have passed the bill seeking to separate NFIU from EFCC.
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The NFIU has since been operating as a unit under the Economic and Financial Crimes Commission (EFCC).
This led to Nigeria’s suspension from the Egmont Group in 2017.
The Egmont Group sighted interference by the EFCC as reason for Nigeria’s suspension.
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Upon Nigeria’s suspension, the National Assembly began steps to separate the NFIU from the EFCC.
The NFIU bill which had passed various stages in the House was adopted at plenary on Tuesday, March 6, 2018.
The lawmakers adopted the harmonised report of the conference committee from both chambers of the National Assembly today.
Chairman of the House Committee on Financial and Economic Crimes, Kayode Oladele, presented the report to the house during plenary.
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The bill seeks amongst other things to establish the NFIU as the central body responsible for receiving, requesting and analysing financial intelligence report.
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