The Supreme Court on Friday dismissed a suit filed by 19 state governments against the federal government, challenging the constitutionality of the laws establishing the Economic and Financial Crimes Commission, EFCC, and two others. The apex court threw out the suit for lacking in merit and substance. Justice Uwani Abba-Aji who read the lead judgment…
The Nigerian Financial Intelligence Unit, NFIU, has said the Indigenous People of Biafra, IPOB, raised over $160,000 through monthly dues and crowdfunding efforts. NFIU disclosed this in its recent publication, ‘Counter Terrorism Financial Newsletter’. The intelligence unit revealed that the sophisticated financial network of the IPOB is linked to 54 individuals around the globe. It…
The Senate on Tuesday confirmed the appointment of Hafsat Bakari as Director of the Nigerian Financial Intelligence Unit, NFIU. The confirmation followed a report submitted to the Chamber by the Senate Committee Chairman on Anti-corruption and Financial Crimes, Emmanuel Memga Undende. The Chairman explained that the nominee of President Bola Tinubu appeared for screening and…