Home Economy Finally, Buhari Assents To NFIU Bill

Finally, Buhari Assents To NFIU Bill


Destiny Ugorji

Nearly one year after the Bill for the autonomy of the Nigeria Financial Intelligence Unit (NFIU)was passed by the 8th National Assembly, President Muhammadu Buhari has given his assent to it.

The NFIU Act provides operational autonomy for the Nigeria Financial Intelligence Unit, presently situated as a Department in the Economic and Financial Crimes Commission-EFCC.

NFIU’s primary mandate is the receipt, analysis and dissemination of Financial Intelligence to Law Enforcement Agencies, Regulators and other competent persons.

It would be recalled that a fortnight ago, a nongovernmental organisation, Media Initiative against Injustice, Violence and Corruption-MIIVOC, which has been at the center of the advocacy for autonomy for NFIU wrote a letter to the President, requesting his immediate assent to the Bill.

The letter captioned: “NFIU Bill: Before it is too late”, signed by her Executive Director, Dr. Walter Duru cautioned that continued delay in signing the bill will lead to unfavourable consequences and sanctions from the international community.

The letter also urged the President to send the name if a Fit and Proper person to the National Assembly for consideration as Chief Executive.

It would be recalled that the NFIU Bill was passed by the 7th National Assembly, but was not assented to by President Goodluck Jonathan.


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