NFIU moves to track down politically exposed people in Nigeria

- New financial guidelines on the operations of the local government accounts might be launched on Monday, May 6, by the Nigerian Financial Intelligence Unit

- The new guidelines might make some state governors lose control of local government funds from the federation account

- The agency earlier vowed to track down the politically exposed person and public office holders through a tracking database

There are indications that some state governors will lose control of local government funds from the Federation Account due to the new Nigerian Financial Intelligence Unit (NFIU) guidelines.

The Nation reports that the guidelines stated that joint Account System in place in most states will only exist for the receipt of allocations but not disbursement.

A top source, who spoke in confidence, said the new director of NFIU, Modibbo Hamman-Tukur, is ready to roll out the comprehensive guidelines which will cover government, corporate, Bureau De Change and individual financial transactions.

The source said: “The NFIU will on Monday launch new financial guidelines, including those bordering on the operations of the local government accounts.

“The guidelines will limit cash transactions in the accounts of local governments and promote registered transactions by all the local governments. Governors will also lack control over the utilization of these funds of local governments.

“The joint account system in some states will only exist for the receipt of federal allocations meant for local governments and not disbursement.”

Another source said: “The administration of President Buhari is taking his anti-corruption campaign to a higher level by also blocking sources of stealing in government at all levels, money laundering, terrorism financing and others.

“We should expect more transparency in governance, especially at the third tier, which is the local government level.”

A statement by the NFIU through its acting chief media analyst, Ahmed Dikko, said it will soon complete the beneficial ownership data base for politically exposed persons.

The statement read: ''The main focus of the NFIU will be to fight all crimes through money laundering, terrorism financing and proliferation of weapons real time analyses in the entire country.

“Significant measures to be implemented by the NFIU in the near future will include full implementation of the National Sanctions regime to all detected areas of vulnerabilities within our systems.

''Other areas include issuing guidelines, advisories etc. that will affect cash transactions processes of local, state, federal governments and bureau de change etc.

“The unit will also release new reporting requirements on suspicious transactions for terrorism prone areas and on suspects taken into custody in violent and flashpoint communities to check vices of terrorism, proliferation of small arms, kidnapping, ethnic violence, cattle rustlings etc. with the view to providing credible intelligence for law enforcement and national security.

“Finally, efforts of the federal government to set up the beneficial ownership data base for politically exposed persons and public servants will be completed and expanded to capture additional necessary areas.

“The new process which includes new approach to analysing compliance in public account expenditures will almost shut down corruption from the way we used to know and new transparency methods will come to governance.”

Recall that Legit.ng reported that the Nigerian Financial Intelligence Unit vowed to take a tough action and begin man hunt on people facing crimes bordering on money laundering and terrorism financing.

The declaration was made in a statement released by NFIU through its acting chief media analyst, Ahmed Dikko, on Monday, March 25.

The agency vowed to track down the politically exposed person and public office holders through a database capable of tracking their financial transaction.

NAIJ.com (naija.ng) -> Legit.ng. We have upgraded to serve you better

The EFCC stage a walk against corruption | Legit TV:

Source: Legit.ng

from Legit.ng: Latest Nigeria News Today & Breaking Naija News 24/7 http://bit.ly/2JgjWgk
via EDUPEDIA24/7

The beautiful model Christina Evangeline: age, ethnicity, net worth, husband, baby

The art of modelling is more than merely putting on designer clothes and hitting the runway. It requires a lot of effort, self-care, determination, and an energetic spirit. Christina Evangeline, who is very attractive and beautiful, is a model who dedicated all her energy into this esteemed career. Fame and plenty of public attention came with her job, and she continues to show young women that success does not come overnight. It requires hard work and passion! Image: instagram.com, @yoevangeline Source: Instagram Who is Christina Evangeline ? According to the Christina Evangeline biography, she is a model who is best known for being Kenan Thompson’s wife. Christina was born on the 24th of March 1989 in the United States of America. Currently, Christina Evangeline age is 30 years. Her nationality is American, and she identifies herself as a Christian. Christina Evangeline ethnicity is White, and her Zodiac sign is Aries. Christina Evangeline race is Caucasian. Details of her paren...

Former Maritime Agency Boss, Buba Galadima, Accuses AMCON Of Witch-hunt After Property Takeover

A former Director-General of the Nigeria Maritime Agency, Buba Galadima, has accused the Asset Management Corporation of Nigeria of witch-hunt after the agency took possession of his business and assets on Tuesday in Abuja. Galadima, an ardent critic of President Muhammadu Buhari, claimed that he did not borrow money or have unpaid debt with Unity Bank, which lodged a complaint against him and occasioned AMCON’s move on Tuesday. The properties taken over include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory, Abuja and House No. 4, Bangui Street, Wuse 2, also in Abuja. Reacting to the situation, Galadima said, “This is an attempt to disgrace and break me down. This is injustice and an attempt to humiliate me. "But I am unbreakable and they can never silence me. They sacked me and over 50 people that sleep in the apartment. "We don’t know where to go. We will remain on the streets. We will remain on the streets until God provi...

Learn how to clean washing machine in a surprisingly easy way

All machines can break down one day, and your washing machine is no exception. Knowing how to clean washing machine timely and effectively will help you reduce or even avoid additional expenses on servicing. Right now, you will be surprised to discover how easy it is! You do not even need any additional devices to do this except the ones that you already have in your house! Image: pexels.com Source: UGC A washing machine is an essential device in a modern home, but it has its own temper and demands! It reacts to the softness of water and quality of detergents that you use. In separate cases, the frequency and intensiveness of washing cycles can play their part. Now, it is time to discover several simple and cheap methods of cleaning of the essential parts of your little helper, to remove unpleasant odours, mould, and scale. The most important tips: how to clean washing machine How often is it necessary to do this cleaning? What do you think? Specialists insist on once in ...

EDUPEDIA247

Search This Blog