EFCC Recovers N13bn Illegal Fuel Subsidy Payments
The Economic and Financial Crimes Commission (EFCC) recovered about N13bn as proceeds of illegal payments made under the subsidy regime between 2017 and 2021.
This was based on the National inherent risk assessment of money laundering and terrorist financing...
NFIU Limits LGs Daily Cash Withdrawal To N.5m, Effective From June
The Nigeria Financial Intelligence Unit (NFIU) has vowed sanctions for any commercial bank which allowed transactions from any local government account without monies first reaching the LG account.
In addition, the agency said no cash...
