Olaleye Aluko, Abuja
The Egmont Group of Financial Intelligence Units has lifted its suspension of the Nigerian Financial Intelligence Unit, during its 25th plenary in Sidney, Australia, according to the House of Representatives Committee on Financial Crimes.
The Egmont Group is a global body of 155 financial intelligence units across the world which facilitates the exchange of financial intelligence, expertise and capability. The intelligence units combat money laundering, terrorism financing and serious financial crime.
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The group had suspended NFIU, an arm of the Economic and Financial Crimes Commission, after its plenary in Macao, China, on July 2, 2017.
The group suspended Nigeria as a result of its lack of a legal framework and autonomy.
The Chairman, House of Representatives Committee on Financial Crimes, Mr Kayode…
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