Fidelity bank banner Bayelsa State banner
NASS passes NFIU Bill to forestall Nigeria’s expulsion from EGMONT Group

By Mayowa Okekale, Abuja on 08/03/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 567

•Senate President Bukola Saraki and House Speaker Yakubu Dogara
•Senate President Bukola Saraki and House Speaker Yakubu Dogara

The Nigerian Financial Intelligence Unit (NFIU) Bill has been passed by the National Assembly, an action aimed at facilitating the country’s readmission into the EGMONT Group rather than being expelled.

President of the Senate, Bukola Saraki, also disclosed during the plenary on Wednesday, that the Bill, when assented to, would make the NFIU an independent entity and also help the country in the fight against corruption.

Saraki made the remarks following the adoption of the Conference Committee Report on the NFIU by the Senate.

According to the amended Act, the NFIU will now be domiciled with the Central Bank of Nigeria (CBN) instead of the Economic and Financial Crimes Commission (EFCC), a situation that led to Nigeria’s suspension from the EGMONT Group.

After suspending Nigeria, the EGMONT Group had demanded that the NFIU should be pulled out of EFCC, among other requirements.

The Bill was earlier passed by the House of Representatives on Tuesday.

Saraki in his remarks thanked the Chairman of the Senate Committee on Anti-Corruption, Senator Chukwuka Utazi, and all Senators for their work on the Bill and said that their action will ensure that Nigeria remains a member of the EGMONT Group.

Saraki said: “I hope that with this (NFIU) 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).

“I hope on the part of the Executive, they will quickly assent to this Bill and also ensure that the independence of the Financial Unit goes beyond just signing this Bill into law.

“It is important that we see it being practiced – this is very important. I hope on their part, this will be done so that our country stays as part of the EGMONT Group that has a lot of benefits for our fight against corruption. I thank you all, my colleagues, for how quickly you responded to this. You came quickly to save the country,” he stated.

Meanwhile, the Senate President has also revealed that since the 8th Senate was inaugurated in June 2015, it has confirmed 227 out of 240 nominees that it received from the Executive.

Speaking after the confirmation of Hon. Ibrahim Rufai Imam, as the new Grand Khadi of the Sharia Court of Appeal, Saraki said: “Let me on behalf of the entire Senate congratulate the new Grand Khadi, Sharia Court of Appeal, Hon. Ibrahim Rufai Imam, and wish him a successful tenure. I hope that he continues to play his role in the judiciary.

“So far, we have treated about 240 confirmations here in the Senate, of which 227 have been affirmative and only 13 have been negative.

“Sometimes, we get the impression that this Senate tends to say more ‘No’ than ‘Yes.’ But these numbers today show the level of cooperation that we will continue to give the executive.”

Source News Express

Posted 08/03/2018 05:20:23 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Nigerian Army to dismantle road blocks in South-East...

NLC, TUC hail Bayelsa Governor over regular salary...

Joint Task Force intensifies strategy against Boko Haram...

Boko Haram chief lands in Police net •Nyanya...

‘Broke’ 50 Cent ordered to court after posing...

Army war dogs compound Boko Haram’s woes

Group says death of Bayelsa CJ’s son in...

Boko Haram Trial: Testimony of witnesses to hold...

Boko Haram storms Borno community, kills 18

Anambra CJ backs judiciary workers’ strike

How Nigerian teachers are de-motivated —National Teachers’ Institute...

Canada @ 150: Lessons for Nigerian youth, By...

 

Latest News Bomb scare in Ebonyi •Umahi summons emergency security meeting World Cup: Nigerian, other Asylum seekers enter Finland illegally from Russia Pastor pleads guilty to criminal breach of trust, cheating, remanded in prison NERC suspends IBEDC board of directors over 6bn loan 192 drown as tourist ferry sinks Saraki addresses Russian Parliament; Seeks stronger security, economic cooperation Probe your 2015 campaign fund, PDP tells Buhari 75 per cent of sickle cell births in Nigeria don’t see their 5th birthday – Group PDP Campaign Fund: Absence of defendants stalls arraignment of Ex-Kebbi Governor APC National Convention: Muiz Banire’s camp loses out again in battle for Lagos delegates Kwara tertiary institutions begin indefinite strike Traders lose property worth N150 million to fire in Ekiti

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (352,184 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (351,480 views) Shameless Genevieve Nnaji exposes breasts in public (280,105 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (229,995 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (209,013 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,652 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,740 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,824 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,876 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,546 views) Lagos plane crash: Journalist releases victims’ names (143,781 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,625 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,256) Business Verdict (44) Columnists (868) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (505) Features (607) Global Business Monitor (283) International (2,040) Interview (154) Live Commentary (28) Love Matters (123) News (36,345) Opinion (1,003) Pidgin (10) Politics (5,289) Religion (770) Sports (1,552) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Portugal v Spain 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement