BREAKING: Senate initiates bill to strip EFCC of control over NFIU

Nigerian Senate

The Senate has received a bill to establish the Nigerian Financial Intelligence Agency, moving a step closer to making the country’s financial intelligence unit, currently under the EFCC, totally independent.

The bill, introduced by Chukwuka Utazi, was read for the first reading on Thursday, a day after the Senate sought the independence for the NFIU, in response to the suspension of Nigeria from the Egmont Group.

The development also came after the Economic and Financial Crimes Commission, EFCC, took a step to “reposition” the NFIU and make it “an autonomous unit under the EFCC”.

Comments

Post a Comment

Popular posts from this blog

US regulators are struggling to rein in illegal cryptocurrency offerings

Image
Regulators are in uncharted territory trying to regulate illegal cryptocurrency public coin offerings, US officials told Congress today. Securities and Exchange Commission (SEC) chairman John Clayton had harsh words for those dodging SEC regulations today at a Senate banking committee hearing: “Many ICOs [initial coin offerings] are being conducted illegally. Their promoters and other participants are not following our security laws,” Clayton said. “Some people say that’s because the law isn’t clear. I do not buy that for a moment.” Clayton and J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), testified today in front of members of the US Senate banking committee and answered their questions on virtual currencies. Spelling it out, Clayton said that his team was watching those who are raising ICOs: “Those who engage in semantic gymnastics or elaborate structuring exercises in an effort to avoid having a coin be a security, are squarely in...
Read more

World's Wonderful Constructions

Image
Sky Habitat in Singapore 1/5 Sky Habitat is a 38 storey residential development at the heart of Bishan, Singapore. Two independent towers linked by three bridging "sky gardens" with 70% of the site area being developed into a series of lush gardens, outdoor events rooms, swimming pools and walk paths. It offers opportunities for commonly shared garden and leisure spaces. Residents can enjoy breathtaking views of lush greenery of Bishan Park. Joh 3 in Germany 2/5 Joh 3 is a residential building in Berlin,Germany, which reinterprets the classic Berliner residential building with its multi-unit structure and green interior courtyard. The sculptural design of the suspended slat facade draws on the notion of landscape in the city, a quality visible in the graduated courtyard garden and the building's silhouette and layout. The Wave in Denmark 3/5 The Wave in Vejle is a modern residential building complex by the Skyttehus bay in Vejle, Denma...
Read more

This Will Make Your Day: 22 Animals That Thought They Were Humans

Image
As most of us live in urban areas, it is very likely that our pets live with us in our apartments. So, who could blame these smart mammals for using their intelligence and learning to do things just like the humans they love and look up to? Here are 22 of our photos in which pets exhibit surprising human-like behavior. Accidental or not, these pictures will surely make your day! A tourist at a zoo got by this macaque at the zoo as she was trying to take a close up shot. As you can see, he’s quite happy with his new toy. He’s probably on Tinder trying to find himself some new friends. This cute pooch has a very busy office day helping his favorite human. Sitting in the bosses’ chair, sorting out documents, answering the phone, there’s nothing he can’t do if it puts smile on the face behind the camera. I thought I was the laziest and most relaxed in the house, but mom does this weird thing where she puts cucumber on her face and wraps a towel around her hea...
Read more

Why You Snore And How To Prevent It

Image
Why It Happens If you snore, it's because the relaxed tissues in your throat vibrate as the air you breathe in rushes past them. About half of U.S. adults do it from time to time. Things like your weight, your health, and the shape of your mouth can make you more likely to sound like you're sawing logs during the night.  How Do I Know If I Snore? If it’s loud enough to wake your partner, you probably have heard about it. If you don’t believe them or sleep alone and want to know for sure, turn on a voice-activated recorder before you fall sleep. Stuffy Nose Anything that stops you from breathing through your nose can make you snore, like if you’re stopped up from a cold, flu, or allergies. Over-the-counter medicines or nasal strips can help open up those airways, but talk to your doctor if you’re stuffed up for weeks at a time. The Shape of Your Nose If the thin wall between your nostrils didn’t form quite right, one side can be smaller than the oth...
Read more

These Outstanding Recipes Are Guaranteed to Make Your Skin Smooth and Radiant in No Time

Image
Anti-wrinkle cream recipe You will need: 2 tsp petroleum jelly 1 tbsp almond oil or olive oil 1 egg yolk 1 tsp honey 1 ripe avocado How to prepare: Heat up the petroleum jelly for a few seconds until it softens — either in a pot on the stove or in a microwave-safe container in the microwave. Add the honey and mix well. Add the rest of the ingredients, with the egg yolk at the end. Mix vigorously until you get a homogeneous paste. Put the cream in a covered jar, and shake well. How to use: First of all, let the mixture sit for at least 5 minutes. Wash and dry your face very well, and then apply the cream on your face. Gently massage for a few minutes in a circular motion, using your ring fingers. Let it rest for 30 minutes, and then remove with a cotton swab or towel moistened with mineral water. Facial hair removing mask recipe You will need: 2 tsp (heaped) gram flour 1/4 tsp turmeric powder 3-4 tsp fresh milk 1 tsp lemon juice 1 tsp coco...
Read more

Obasanjo reveals why God made Donald Trump US President

Image
Former President, Olusegun Obasanjo has revealed the reason God allowed Donald Trump to become the President of United States of America. According to him, Trump became US President so that America can be humbled. Obasanjo, who appeared to be mocking the US election last November, stated this at an event held at the French Embassy in Pretoria, South Africa. He said that even though Africa still needed foreign direct investment, it was time for the continent to show the rest of the world that it can take charge of its own future, The two-time Nigerian Head of state, who said he was happy about the turnout of events in America, added: ‘‘The fact that America can produce a Trump in this day and age, it means Americans are as human as we are. ‎ ‘”I am not justifying what African leaders are doing. If our leaders are doing wrong, we should say that they are doing wrong. “Trump has come by Divine Will so that America can be humbled, and we can also learn a lesson. “Nobody ...
Read more

NANS pleads with ASUU, fed govt over impending nationwide strike

Image
As it becomes clearer by the day that another nationwide strike by university lecturers seems inevitable, students under the umbrella body of National Association of Nigerian Students (NANS) are making frantic efforts to appeal to both the Federal Government and the Academic Staff Union of Universities (ASUU) to review their stands and avoid the standoff, which will definitely bode ill for the sector. Chairmen of state chapters of ASUU are currently in Abuja, with the national leadership TODAY.NG
Read more

Plot To Islamise Nigeria Is Real – Nnamdi Kanu

Image
Leader of the Indigenous People of Biafra, IPOB, Mazi Nnamdi Kanu, yesterday, said that the plot to Islamise Nigeria is real but would be resisted. Kanu said that no part of Nigeria within Biafra territory will be islamised in his life time. The IPOB leader said this while addressing a huge crowd of Biafra activists when he visited Nri, the ancestral home of Ndigbo. At Nri, Kanu, who was accompanied by his wife, visited the historic “Ohianwehi” revered as “forest of life” by Igbo tradition. It is believed that it was where the first burnt offering was scarified by the Jewish Igbo ancestors when they migrated from Israel about 300 years ago. Kanu and his entourage prayed at the entrance of the “forest of life” which according to stories nobody had entered into over 300 years ago. Addressing the crowd of Biafra supporters that gathered at Nri community square to catch a glimpse of him, the IPOB leader told them that the alleged plot to Islamise Nigeria was real but would b...
Read more

Japanese Airline Confirms Future BTC Payment Option In The Works

Image
Peach Aviation, a low-cost airline in Japan, has confirmed that their plan to allow   Bitcoin (BTC)   as payment is only delayed, not cancelled. Peach Aviation had   initially announced in May 2017   that customers would be able to use Bitcoin as a payment method by the end of the year. However, in December 2017, the plan was postponed until March 2018. The airline had   partnered with crypto exchange BITpoint Japan   for the new BTC payment system as well as for plans to open Bitcoin ATMs at airports around Japan. Japan has   recognized Bitcoin as a legal payment   method in the country since April 2017. Japanese broadcasting corporation NHK World had published an article last week, which has since   been removed , that cited Peach Aviation officials questioning the dependability of cryptocurrency after Japanese crypto exchange Coincheck was   hacked for $534 mln in NEM , and in light of   recent volatility   in th...
Read more

Veteran news anchor, Jim Vance dies at 75 after long battle with cancer

Image
Jim Vance, one of the first black major news anchors and Washington DC's longest serving local TV host has died at the age of 75 following a long battle with cancer. Station president and general manager, Jackie Bradford in a statement said, 'Jim Vance was not only the soul of NBC4 but of the entire Washington area. His smooth voice, brilliant mind and unforgettable laugh leaves each of us with a tremendous void'. Vance, who won more than a dozen Emmys, was one of the first African-American news anchors to host a show in a major news market in 1972. He became one of former president George H.W. Bush's fishing buddies and a confidante to the city's former mayor, Marion Barry, who died in 2014.
Read more