NCC, NFIU Partner To Check Financial Fraud In Telecoms   The Nigerian Communications Commission is set to collaborate with the Nigerian Financial Intelligence Unit to fight financial fraud perpetrated through SIM cards. This was made known when the leadership of NFIU paid a courtesy visit to the...

SEC, NFIU Sign MoU To Tackle Fraud, Ponzi Schemes   The Securities and Exchange Commission (SEC) and the Nigerian Financial Intelligence Unit (NFIU) have signed a Memorandum of Understanding to collaborate in combating crime in the Nigerian capital market and to ensure that suspicious transactions are...

NFIU: Banks Reject Cheques from Govs on LG funds Following the directive by the Nigerian Financial Intelligence Unit barring state governments from spending funds meant for local governments, banks have begun to dishonour cheques emanating from states on behalf of local governments. The spokesman for the...

LAGOS—The Central Bank of Nigeria, CBN, yesterday, directed banks operating in the country to accept deposit of cheques into savings account and to begin to embed Bank Verification Number, BVN in payment cards. The CBN, in a circular signed by Director, Banking & Payments...