Saturday, 23 June, 2018

Egmont Group: N'Assembly passes bill, separates NFIU from EFCC

House of Reps probes missing $202m unaccounted for by NIA Reps pass bill seeking to make NFIU autonomous
Ben Pena | 10 March, 2018, 02:05

The National Assembly yesterday passed into law the bill aimed at establishing the Nigeria Financial Intelligence Unit (NFIU) in line with worldwide best practices.

"The Bill was passed by the senate in July 27, 2017 and in the House of Representatives in November 29, 2017".

The Senate President had earlier on Sunday expressed confidence that the Upper House will pass the bill this week.

Ahead of its meeting in Buenos Aires, Argentina, between March 11 and 16, Nigeria is expected to make NFIU independent in order to avoid expulsion.

"And I hope the executive will quickly assent to this bill and also ensure that the independence of the NFIU goes beyond signing into law".

Ekweremadu commended Utazi and his counterpart in the House of Representatives, Kayode Oladele, for putting aside their differences and presenting a harmonised report.

"I hope that with this Bill that we have passed today - this Conference Report - that they will have a second view and re-admit us (Nigeria) into the process (EGMONT Group)".

West Ham vs Burnley 10 March 2018: EPL Soccer Preview and Predictions
Arthur Masuaku will serve the final game of his six-match ban for spitting this weekend - when West Ham take on Burnley - too. David Moyes' side had turned a corner when a 2-0 win over Watford elevated them up to midtable and onto 30 points.

Despite the clamour for an autonomous Nigerian Financial Intelligence Unit (NFIU), the Nigerian Assembly has transferred the unit from the Economic and Financial Crimes Commission (EFCC) and domiciled the unit with the Central Bank of Nigeria (CBN).

The NFIU, which represents Nigeria in the Egmont Group, was suspended at its July 2017 meeting in China, following Nigeria's failure to grant operational autonomy to the financial intelligence unit, a situation which the group has objected to for years.

The group had advised Nigeria to separate the EFCC and the NFIU by giving each their clear mandate.

One has to do with where the NFIU will be domiciled.

Oladele noted that though Nigeria now had an independent NFIU, he feared that it might be a "toothless bulldog" having no power to bite.

"The House version states that the head of the agency should be called director, while the Senate version states that the head of the agency should be called director-general; the House version was adopted".

"Hence, today's passage of the Conference Committee Report of the Bill is aimed at ensuring that we comply with global best practices, so that we will be able to access the financial intelligence data of the EGMONT Group".

Recommended

  • Champions League: Manchester City, Juventus qualify for quarter-final

    Champions League: Manchester City, Juventus qualify for quarter-final

    Veteran Yaya Toure started for the first time in 13 games and 17-year-old Phil Foden was also given an opportunity. Maybe tomorrow it's more important nothing happens but we don't concede, set pieces or counter attacks.
    Colin Firth's wife admits to having affair with couple's alleged stalker

    Colin Firth's wife admits to having affair with couple's alleged stalker

    Before his marriage, Firth had a five year relationship with American-Canadian actress Meg Tilly, which lasted from 1989 to 1994. The statement concludes that much of the reporting "is understood to be the outcome of a leaked court document".
    BR Ambedkar's statue defaced in Chennai

    BR Ambedkar's statue defaced in Chennai

    The incident took place in Khurd village early in the morning and was noticed by villagers and others. Mishra said the police rushed to the spot and pacified the irate residents.
  • Bandhan Bank IPO: Date, Lot Size, Listing And Other Details

    Bandhan Bank IPO: Date, Lot Size, Listing And Other Details

    Bandhan Bank started operations in August 2015 so it would have to list on the exchanges by August this year. Bandhan Bank is the first entity in India, where a micro-finance entity transformed into a universal bank.
    Call Of Duty Black Ops 4 releasing on October 12th 2018

    Call Of Duty Black Ops 4 releasing on October 12th 2018

    As Forbes points out, this is the first time since Call of Duty 2 in 2005 that a Call of Duty game is being released in October. Treyarch's previous effort in the Call of Duty franchise was packed with modes and features that the studio may seek to expand.
    Draymond Green Says Anthony Davis Could Win MVP This Season

    Draymond Green Says Anthony Davis Could Win MVP This Season

    Guard Jrue Holiday also has stepped up, flashing his aggressiveness to post up lighter and smaller guards close to the basket. Davis , who underwent an MRI on Thursday, has been diagnosed with a sprained left ankle, Adrian Wojnarowski of ESPN reports.
  • Vince Staples Says: 'Get The F*ck Off My D*ck'

    Vince Staples Says: 'Get The F*ck Off My D*ck'

    Titled " Get the Fuck Off My Dick ", the track shares the name of his campaign, and you can now hear the new song below. No songs, interviews, no anything. "Either way we appreciate you ", he said at the end of the one-minute video clip.
    Martin Shkreli sentenced to seven years in prison for defrauding investors

    Martin Shkreli sentenced to seven years in prison for defrauding investors

    His treatment of Duca got him banned from Twitter, and the government also mentioned Shkreli's threats against Hillary Clinton . Martin Shkreli was sentenced to seven years in prison on Friday for defrauding investors out of more than $10 million.
    Rodrigo Duterte needs psychiatric testing, UN's Zeid Ra'ad al-Hussein says

    Rodrigo Duterte needs psychiatric testing, UN's Zeid Ra'ad al-Hussein says

    The petition said the rebels were " using acts of terror " to sow fear and panic to overthrow the Government. But since peace talks failed, he instead started a campaign against the groups.
  • Rick Ross Frantic 911 Call

    Rick Ross Frantic 911 Call

    Rick is now at home recovering, and, judging by his new Instagram posts, he's happy to be out of the hospital. Rick Ross has thanked his fans for their support after he was hospitalised in intensive care.
    Lisa Bonet always sensed Bill Cosby's 'sinister, shadow energy'

    Lisa Bonet always sensed Bill Cosby's 'sinister, shadow energy'

    Here's what Bonet had to say about Cosby and his sexual assault retrial coming up shortly in the Philadelphia area. In a new Net-A-Porter interview , Bonet says she always felt a "sinister, shadow" energy from her former TV dad.

    Financial stock Hold Signal: QTS Realty Trust, Inc. (QTS)

    Market worth or Market capitalization is calculated by multiplying the price of a stock by its total number of outstanding shares. O'Reilly Automotive, Inc. price was kept to a minimum $242.43 in intra-day trade and has returned 0.93% this year alone.

'Logan's Dafne Keen Finds Her Next Project With 'His Dark Materials' 'Logan's Dafne Keen Finds Her Next Project With 'His Dark Materials' Production is due to start "soon", so presumably we won't have long to wait for further casting announcements. Jane Tranter and Julie Gardner's Bad Wolf banner produces in association with New Line Cinema for BBC One .

Chelsea Clinton calls Ivanka Trump fair game for tough questions Chelsea Clinton calls Ivanka Trump fair game for tough questions President Trump then took to Twitter to defend his decision of letting his daughter take his place, calling it a "standard" move. I've been very vocal about my opposition to President Trump ".

Lovato says she had a "terrible experience" at Met Gala Lovato says she had a "I had a awful experience" explains it during his interview, "This celebrity was a real bitch and was miserable to be there". Obviously for me...politics are hard to talk about". "I'm loving myself - not for what I look like, but for who I am".

Police Officers Shot, 1 Fatally, In Missouri Police Officers Shot, 1 Fatally, In Missouri On Wednesday, Widger was charged with possession of methamphetamine with intent to deliver and maintaining a public nuisance. A SWAT team later entered the home and found Waters dead. "Morton, can you make it out a window?" the dispatcher asks.

China's first space station will hit the Earth's atmosphere soon China's first space station will hit the Earth's atmosphere soon Recently, a top Chinese spaceflight engineer denied that the space station was out of control , Reuters reported. The huge space station lost communication with the control center and the now uncontrolled fall to the Ground.

Change batteries when you 'spring ahead' this weekend Change batteries when you 'spring ahead' this weekend Landlords are required by law to install, maintain and test alarms at least annually and whenever there is a change in tenancy. They add that that smoke detectors should be in hallways that lead to sleeping areas, basements and on every level of homes.

Babies May Benefit From Looking Like Dad, Study Reveals Babies May Benefit From Looking Like Dad, Study Reveals Researchers noted that dads who spent more time with babies who resembled them had added certainty about the children's paternity. Put simply, fathers who are uncertain about their paternal role may draw conclusions based on how much they resemble their baby.

Saudi deal for Typhoon fighter jets moves step closer Saudi deal for Typhoon fighter jets moves step closer Cape Town - The European Tour will continue to expand the boundaries of global golf next year when it brings the professional game to the Kingdom of Saudi Arabia for the first time.

U.S. has ordered Broadcom to give notice of steps to redomicile U.S.  has ordered Broadcom to give notice of steps to redomicile As part of the that, Broadcom also pledged to work with the U.S. government to achieve its 5G goals, as well as future ones. Treasury, rarely reviews mergers before a deal has been clinched.

Apple might finally kill off iTunes Apple might finally kill off iTunes The leaked email was reportedly sent almost two weeks ago, signed by "The Apple Music Team" from an "The iTunes Store " address. Apple confirmed the plans to The Verge , signaling the impending end of the paid multimedia album experience on iTunes .

Drone's View of Construction at the Galaxy's Edge Drone's View of Construction at the Galaxy's Edge He kickstarted the MCU with Iron Man and has since directed Iron Man 2 , The Jungle Book and is now working on The Jungle Book 2 . And now, the franchise is adding another new face to its already impressive roster of writers, producers and directors.

Texas Waffle House worker rewarded for act of kindness toward elderly customer Texas Waffle House worker rewarded for act of kindness toward elderly customer Evoni told reporters it was something she "would do any other day". "It just came from the heart", Williams said. After Evoni's inspiring act of kindness , Texas Southern University offered a $16,000 scholarship.

Florida gun control: New bill proposes to arm teachers Florida gun control: New bill proposes to arm teachers They remind us they are here, present, they matter, they are children, they want to be safe, they will take positive action. Senators approved the legislation after an amendment removed a provision to arm most teachers.

Scripps Networks Interactive (SNI) Announces Earnings Results Scripps Networks Interactive (SNI) Announces Earnings Results The current share price indicates that stock is -1.79% away from its one year high and is moving 38.80% ahead of its 52-week low. It is positive, as 45 investors sold HSY shares while 200 reduced holdings. 68 funds opened positions while 191 raised stakes.

Interior Secretary Zinke Spent $139K on a Door Interior Secretary Zinke Spent $139K on a Door But this would hardly be the first time that Secretary Ryan Zinke spent taxpayer money on an unusual expenditure. One set of the doors involved opens onto a balcony and leaks during rain storms, according to AP.