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6 Uncomplicated Ways to Get Studying Fun

  • July 26, 2020
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Acestea sunt semne bune că vor oferi mult

  • July 28, 2021
Naira falls N777 against dollar after CBN announcement
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Investment commission pledges FDI support to improve Nigeria’s

  • March 6, 2022
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Nigeria’s gas revolution will lift West Africa’s energy

  • March 6, 2022

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Tag: Money Laundering

Shonubi takes over as acting CBN gov
News

Money launders exploiting diaspora remittances – CBN

The acting Governor of the Central Bank of Nigeria, Folashodun Shonubi, has hinted that many cases of trafficking in persons, goods, or services, are done through diaspora remittances.   Shonubi made this assertion while delivering a lecture titled, “Diaspora Remittances and Nigeria Economic Development” at the National Institute for Security Studies in Abuja on Thursday, […]

Kenyan court freezes Flutterwave accounts over money laundering
News

Flutterwave denies money laundering allegations

A Nigerian fintech startup, Flutterwave, has rubbished allegations that it participated in a $59 million money-laundering scheme in Kenya that resulted in the closure of the company’s bank accounts. A Kenyan court had ordered the closure of the bank accounts of Flutterwave when the Asset Recovery Agency of Kenya informed the court that 56 bank […]

Kenyan court freezes Flutterwave accounts over money laundering
Banking

Kenyan court freezes Flutterwave accounts over money laundering

A High court in Kenya has frozen bank accounts linked to a Nigerian fintech company, Flutterwave, over alleged money laundering and card fraud. Flutterwave which is run by Gbenga Agboola was tied in an investigation involving 56 bank accounts holding 7billion Kenyan shillings ($59.3m) suspected to have been laundered by foreign nationals, according to The […]

  • enitan
  • July 7, 2022
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Naira redesign: CBN has my approval, Buhari clarifies
Policy and Regulations

Money Laundering Act: Banks, firms to pay N1m daily for suspicious transactions

As part of its fresh move against money laundering, the Federal Government has enforced a fine of N1m per day for any financial institution or non-financial business and profession that fails to report any suspicious transaction. This is according to the Money Laundering (Prevention and Prohibition) Bill, 2022, which the President, Major General Muhammadu Buhari […]

Policy and Regulations

FG extends money laundering law to casinos, others

The Federal Government has introduced stricter regulations in the operation of casinos in Nigeria, as part of its fresh move against money laundering. This is just as a new law recently passed by the National Assembly prohibits ownership and operation of shell accounts in the country. The President Major General Muhammadu Buhari (retd.), had on […]