Ibebaku, who was represented by Daniel Iseye, an NFIU
official, said the review is being conducted through the cooperative efforts of the NFIU
and other stakeholder institutions, and in line with Recommendation 1 of the revised standards.
is playing a pivotal role in receiving and analyzing STRs.
The National Assembly should amend the MLPA to provide for increased autonomy of the NFIU
and adopt safe harbor provisions to protect STR reporting entities and their employees.
The National Assembly should amend the 2011 MLPA to provide for increased autonomy of the NFIU
and adopt safe harbor provisions to protect STR reporting entities.
Between January and September 2009, the NFIU received a total of 826 STRs, 55 of which were developed and disseminated to relevant authorities for investigation.
All financial institutions and designated nonfinancial institutions are required by law to furnish the NFIU with details of these financial transactions.