Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • FG Alerts On Flood In Seven States, Advises Populations Living Along Jebba To Lokoja To Evacuate
    • DGN To Partner NYSC On Capacity Building For Corps Members
    • Minister Commends EMDRRI’s Environmental Mgt Efforts
    • Police Partners Security Experts, As IGP Inspects Intelligence Installations At Idu Community
    • IGP Upgrades Force Medical Section To Directorate Status
    • Nigeria Police Clarifies On Use Of USSD Codes
    • Benue Security: IGP Creates 2 New Area Commands, Upgrades 5 Divisions To Police Difficult Terrains
    • IGP In Strategic Partnership With Housing Ministry To Secure Affordable Housing For Police
    Facebook X (Twitter) Instagram YouTube
    HumsimediaHumsimedia
    • Home
    • News
      • News Analysis
      • Politics
      • Environment
      • Energy
      • Security
      • Defence
    • Entertainment
    • Business
      • Economy
    • Health
    • Interview
    • Lifestyle
    • Global News
    HumsimediaHumsimedia
    Home»News»EFCC Chairman, Olukoyede Tasks DNFBPs On Suspicious Transaction Reporting
    News

    EFCC Chairman, Olukoyede Tasks DNFBPs On Suspicious Transaction Reporting

    HumsiBy HumsiAugust 1, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Miriam Humbe

    The Executive Chairman, Economic and Financial Crimes Commission, EFCC, has charged Designated Non Financial Institutions Businesses and Professions, DNFBPs on compliance and cooperation with the Commission in order to combat money laundering and terrorism financing in the country.

    Dele Oyewale, EFCC’s Head, Media & Publicity disclosed this in a statement signed on Thursday.

    Olukoyede made the call recently in Port Harcourt, Rivers State during A One-day Anti-Money Laundering/ Combating Financing of Terrorism/Countering Proliferation Financing AML/CFT/CPF Workshop for DNFBPS on Compliance and Obligations themed: “Effective Implementation of AML/CFT/CPT Measures Among The DNFBP Sector in Nigeria”.

    Speaking through the Director, Special Control Unit Against Money Laundering (SCUML), Deputy Commander of the EFCC, DCE Harry Erin, he stressed that it was important for relevant stakeholders to do their part in the fight against money laundering and terrorist financing but decried poor compliance and lack of due diligence by some DNFBPs in the areas of Know Your Customer (KYC) and Suspicious Transaction Report (STR) in their business dealings with clients.

    Erin pointed out that greater amounts of money being laundered are as a result of lack of due diligence and non compliance with enabling laws guiding the operations of DNFBPS.

    He sued for stronger synergy between the EFCC and DNFBPs to bring money laundering and terrorist financing to its knees.

    “If the DNFBP Sector in Nigeria works hand in hand with the EFCC, we would tackle the monster of money laundering in Nigeria”, he said.

    The SCUML Director thereafter urged participants to protect the integrity of their professions by blocking every loophole available for money laundering by complying with the AML Act and other enabling laws.

    The compliance, he said, will also crown the efforts of the Commission in ensuring Nigeria is delisted from the Financial Action Task Force, FATF’s grey list.

    BNFBPs Money Laundering Economic and Financial Crimes Commission EFCC Ola Olukoyede Terrorist
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Humsi
    • Website

    Related Posts

    FG Alerts On Flood In Seven States, Advises Populations Living Along Jebba To Lokoja To Evacuate

    August 23, 2025

    DGN To Partner NYSC On Capacity Building For Corps Members

    August 23, 2025

    Minister Commends EMDRRI’s Environmental Mgt Efforts

    August 23, 2025
    Leave A Reply Cancel Reply

    Recent Posts
    • FG Alerts On Flood In Seven States, Advises Populations Living Along Jebba To Lokoja To Evacuate
    • DGN To Partner NYSC On Capacity Building For Corps Members
    • Minister Commends EMDRRI’s Environmental Mgt Efforts
    • Police Partners Security Experts, As IGP Inspects Intelligence Installations At Idu Community
    • IGP Upgrades Force Medical Section To Directorate Status
    Facebook X (Twitter) Instagram Pinterest
    © 2025 Humsimedia. Designed by Humsi Media.

    Type above and press Enter to search. Press Esc to cancel.

    • atomic-number-hydrogen2
    • convert-number-scientific-notation000053
    • binding-memories-books-spine-serves-extended-metaphor
    • modern-department-defense-different-old-department-warit
    • read-sentencethe-astronomy-club-placed-telescope-tripod
    • excerpt-land-part-4-example-direct-characterization
    • statement-best-describes-relationship-agriculture-trade
    • abdul-trying-decide-tell-friend-tom-jokes-abduls-name
    • length-time-person-gone-presumed-dead1-15-years2-7
    • 1800s-many-african-americans-underwent-religious
    • describes-difference-rule-constantine
    • read-excerpt-weve-got-jobi-want-go-jail-audrey-told
    • select-correct-text-passagewhich-part-excerpt-modest
    • education-degree-sdoes-guidance-counselor-usually
    • read-sentencewe-wrote-journals-twenty-minutes-daywhich
    • part-family-life-cycle-sociologists-point-stressful-time
    • many-immigrants-china-united-stateswere-excluded
    • us-action-1941-angered-japanese-resulted-bombing-pearl
    • read-subheadings-physicians-surgeonsimportant
    • read-excerpt-flannery-oconnors-life-save-ownthe-old