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

Startup Raises $20 Million to Build 'YouTube on the Blockchain'

Image
Silicon Valley startup Lino is preparing to take on YouTube with a decentralized, collectively-owned video content distribution system that purports to cut out the middleman to more fairly compensate content creators. The company, which faces competition from Streamspace, Flixxo, Viuly and Stream, all of which are developing similar concepts, received a $20 million vote of confidence from prominent Chinese seed investor Zhenfund during a private token sale, it   announced   today. Explaining the company's mission, its website says that YouTube holds "enormous power" over creators and focuses on maximizing profit, which can bring it into conflict with its actual creators. The site continues: "The solution is to create a collectively owned, decentralized means of distribution, which ensures all content value is directly distributed to content creators and affiliated contributors without going through a privately owned entity as a middleman....
Read more

Nigeria to supply 130,000 tonnes of roasted cashew nuts to US

Image
The Minister of Agriculture and Rural Development, Audu Ogbeh, has said Nigeria is set to supply 130,000 tonnes of roasted cashew nuts to the Walmart Super Market chain in the United States of America. He said the 130,000 cashew is valued at $7 billion. Chief Ogbeh said the US firm came to Nigeria to request for 130,000 tonnes of roasted cashew nuts and their demand is 130,000 tonnes of cashew nuts per annum, with a total value of $7 billion. “We are in conversations with Walmart, the biggest supermarket chain in the US. They came here and asked us to roast cashew nuts for them. “What Nigeria currently does is ship the nuts to Vietnam, which in turn roasts and sell to the US. This year, we are going to create six cashew processing factories in Nigeria, each to be cited in Enugu, Imo, Benue, Kogi, Kwara and Oyo states. These are the cashew belts for now. These options are coming now because Nigeria is beginning to focus on non-oil export.” Meanwhile, a recent data from the Na...
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

Some Of The World's Drop Dead Gorgeous, Majestic And Beautiful Trees

Image
A look at some of the world's most beautiful and majestic trees. Some are  among the longest-lived life forms on Earth. The "Ancient Bristlecone Pine" The ‘Bristlecone Pine’ is located in Inyo Country, California. It is still standing fine and is obviously amongst the oldest in the world. The "Bristlecone Pine"  is more than 5,000 years old,   making it the oldest known individual of any species. Underwater Mangrove Creating a forest below the surface, these ‘Underwater mangroves’ are a marvel. Dark Hedges The ‘Dark Hedges’ is a tunnel formed by several beech trees overlapping each other. The essence is dark yet beautiful, just like the definition of nature. Dragon Blood Trees The ‘Dragonblood’ trees true to their name, bleed red or rather produce a crimson red sap which is used to produce dye. Although seen in  the Socotra  archipelago  Yemen, they are usually in areas near the Indian Ocean. Wisteria Spreadin...
Read more

FG Says Beggars in Nigeria will start paying tax

Image
The Nigerian government has stated that no one would be left out in the campaign to enlarge the tax revenue. According to dailypost,She said some beggars were earning millions and that “proceeds from begging are taxable. You are supposed to pay taxes even if your means of income is begging”. Minister of Finance, Mrs. Kemi Adeosun said this in Lagos at a lecture at PWC’s Business School, with the theme: ‘Voluntary Assets and Income Declaration Scheme (VAIDS) Interactive Session for Executives and Business Owners.’ She said to ascertain the income status of the companies/individuals and their lifestyle, investigators would rely on information derived from Bank Verification Number (BVN), records of property ownership, records of foreign exchange allocation, and records of company ownership from the Corporate Affairs Commission (CAC), among others. Adeosun said: “We are using some firms to trace assets internationally.The investigators’ findings will enable us to compare the incom...
Read more

Minister of information and culture Lai Mohammed sheds light On FG's plan to stop movie and music production abroad

Image
Minister of Information and Culture, Lia Mohammed, has shed more light on plans by the Federal government to stop entertainers and movie makers from shooting their jobs outside the shores of Nigeria. Last Saturday, Lai Mohammed disclosed this plan when he spoke at the  Copyright Society of Nigeria (COSON) House in Lagos. In a recent chat with Premiumtimes, Lai Mohammed said the proposed ban would help tackle the exploitation of perceived loopholes in the Nigerian Broadcasting Code, NBC. “The NBC code today as it stands has been exploited and not defined and that’s why movies being directed by Nigerians with Nigerian actors, actresses can be shot in South Africa and then brought back to be consumed in Nigeria. All we are saying is that we are going to amend the code in a manner that it will not be possible for you to exploit any loophole there to go and shoot outside Nigeria film, music or programs that are meant to be consumed in Nigeria". Speaking f...
Read more

A KAMASUTRA LESSONS

 KAMASUTRA LESSONS: 1. Kamasutra says : If you suck one nipple, the women herself offers the other one. And that was the origin of "buy one get one free"! 2. Did you ever notice: everything on a woman's upper body starts with a "B". Blouse, Bra, Bikini, Boobs & lower body with a "P" Peticoat, panties, pussy...No wonder men suffer from high B P! 3. Before sex, you help each other get naked. After sex, you dress only yourself. Moral: In life no one helps you once you're screwed. 4. Success is like pregnancy. Everybody congratulates you but nobody knows how many times you got screwed to achieve it. 5. What is the difference between frustration and satisfaction? What the Fuck! and What a Fuck! 6. 3 people having sex is a threesome, 2 is a twosome. So next time someone calls you 'HANDSOME', don't take it as a compliment! 7. Life is like a dick, sometimes it becomes hard for no reason. 8. Practical thought: A ...
Read more

Nigerians should expect new data price soon – NCC

Image
The Nigeria Communications Commission (NCC) has said Nigerians should expect a new data price as soon as an on-going cost-based research is concluded. This was disclosed in Abuja by the Executive Vice Chairman of the NCC, Umar Garba Dambatta during a chat with DAILY POST. According to him, the commission had noticed that the level of data usage was growing across the country and there was need for an affordable and acceptable price floor for data. He said this was necessary in order to forestall a price war in the data sub-segment of the telecommunications industry. Dambatta disclosed that the commission was looking at other temporary measures in other to ensure that data services improved. He said: “We have noticed that the level of data usage is growing. This attests to the earlier assertion by the NCC that data is going to be the next frontier. “You recall that NCC attempted to do the interim price floor for data in order to ensure that we do not have a price war in...
Read more

Lagos Police Makes Top Officers And Divisions Numbers Public Over Baddoo Crisis

Image
It has become imperative that the Lagos State Police Command makes available the telephone directory of the command headquarters Ikeja, Area commands and their divisions to the general public. This information is to serve as a preventive method for members of the public to report criminals & criminal activities as well as report emergency incidents in the state. Members of the public can reach us on the 767 / 112. Area commands and divisional police telephone numbers in Lagos are also as follows: Commissioner of Police- 07019014800 Deputy Commissioner, - 07019014786 Deputy Commissioner, Operations- 07019014799 Deputy Commissioner, SCIID, Panti- 07019014754 Police Public Relations Officer- 07019014743 Control Room- 07019014808 Rapid Response Squad- 07019014333 IKORODU Area ‘N’ Command, Ijede- 07019014702/08036480686 Shagamu Road Division- 07019014843/08032879790 Ikorodu Division- 07019014842 Ipakodo Division- 07019014853/08072404936 Agbowa Division- 07019014830/08034031054 Owu...
Read more