DNFI - What does DNFI stand for? The Free Dictionary
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The witness said a careful look at the bank statement of account of the second defendant, where the first defendant is a director showed financial transactions running into millions, which were not reported in line with Section 10 of the Money Laundering (Prohibition) Act , which mandates all Designated Non-Financial Institution (DNFI
) to report any financial transactions, exceeding N5 million or its equivalent for individuals and N10 million or its equivalent for corporate body to the EFCC within 30 days of the transaction.
Ademas, el valor del NFI (Normed fit index) y del RFI (Relative fit index) se deteriora en el segundo caso (DNFI
= .05, D RFI = .05).
It said that the amount was above the threshold of the N10 million permissible by law and that the hotel was also not registered as Designated Non-Financial Institution, (DNFI