The Nigerian Financial Intelligence Unit (NFIU) has outlined ways terrorist groups in the country are being funded. In a recent newsletter, the NFIU said it has identified a “network of affiliates of the Indigenous People of Biafra (IPOB) across 22 countries”. It noted that one of the major sources …
Read More »NFIU bans cash withdrawals from government accounts
The Nigeria Financial Intelligence Unit (NFIU) has banned all banks from executing demands for cash withdrawals from all public accounts. Addressing newsmen on Thursday, December 5, NFIU CEO, Moddibo Haman Tukur, said the decision became necessary to stop the rate at which cash was being taken out of public accounts. Tukur also …
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