EFCC Charges DNFBPs on New Anti-money Laundering Legislation

Date: 2022-08-18

The Economic and Financial Crimes Commission (EFCC) yesterday urged Designated Non-Financial Businesses and Professions (DNFBPs) to conduct their dealings in line with the provisions of the newly enacted Money Laundering Prohibition and Prevention Act 2022.

The Lagos Zonal Commander of the EFCC, Ahmed Ghali, gave the charge during a two-day sensitisation programme organised by the Special Control Unit Against Money Laundering (SCUML) for DNFBPs on the implementation of the newly passed AML/CFT Legislation.

“This sensitisation is important because we do not want friction between the EFCC and DNFBPs, as we have seen in recent times.

“All that we are saying to you at this workshop is to comply with the requirements of the money laundering laws so that you will be able to transact your businesses with ease and not experience any sanctions from the EFCC,” he said.

Ghali also used the opportunity to urge them to cooperate with the EFCC and support the commission in its sustained fight against terrorism financing and corruption in Nigeria.

“We want you, the non-financial business operators, to join us in sanitising the systems, eliminate any form of fraud and criminality and to make sure that you are not being used as tools for money laundering,” he added.

The Coordinator, SCUML, Lagos, Paschal Samu, in his opening remarks, said the programme aimed at sensitising the various DNFBPs such as hoteliers, supermarket operators, luxury goods operators, casino operators and car dealers on their roles in complying with the anti-money laundering law.

He added that the EFCC would not hesitate to take actions against erring DNFBPs in line with the provisions of the law.

Also speaking at a similar forum in Ilorin, the Zonal Commander, Michael Nzekwe, called on automobile dealers in Ilorin, the Kwara State Capital to ensure compliance with extant laws and regulations requiring registration and certification of their businesses by the Special Control Unit against Money Laundering, SCUML.

The commander, who was addressing members of the Kwara State Motor Dealers Association led by its President, Alhaji Ahmed Dare Abdul, said, “apart from enforcing compliance with SCUML regulations, the EFCC under the new Money Laundering Act, MLA, has legal responsibility in safeguarding the investment of stakeholders in the Non-Designated Financial Institutions, NDFIs, from the activities of fraudsters.”

Giving further insights on the activities of SCUML, the Zonal Commander said, “Under the new MLA, SCUML is now to be fully under the EFCC.”

He said part of its responsibilities was, “to ensure compliance of DNFBPs including but not limited to car dealers, jewelry dealers, real estate managers, hoteliers and other stakeholders with the provisions of the law.”

Responding, Abdul thanked the Zonal Commander for the warm reception accorded his members and the explicit explanations rendered on the activities of SCUML.

While pledging the unalloyed support of the association to the EFCC's anti-graft fight, Ahmed called on the anti-graft agency to set aside a date to sensitise his members across the 16 Local government Areas of the State so that they can also be better informed about SCUML and what was expected of them under the law, a statement from the EFCC stated.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

AbdulRasaq Abdulmajeed Alaro     Mope Dasuki Belgore     Goodluck Jonathan     Adeniyi Ojo     Kwara Apc     Nigeria Governors\' Forum     GANZY     Memunat Monsuma     Bola Ahmed Tinubu     KWSUED     Shehu Salau     Kola Shittu     Sulu Babaita Isiaka     Omar Gambari     Igbaja     Ezekiel Yissa Benjamin     Olugbense     Moremi High School     Fulani     Salihu Ajibola Ajia     Olayinka Are     Junior Secondary School Certificate Examinations     Abdullahi Saadudeen Alikinla     Bayer AG     Moshood Mustapha     Hussein Olokooba     Timothy Akangbe     Muhammed Taofeeq Abdulrazaq     Muhammed Abdullahi     IHS     Olam Food Ingredients     Ishak Mohammed Sabi     Ahmad Ali     Freshvine Nigeria Limited     Rihanat Ajia     Photo News     Ayodele Kuburat Olaosebikan     Hakeem Idris     AGF Abdulrazaq     Forgo Battery     CACOVID Palliatives     Odolaye Aremu     Federal Allocation     Eleja     Kale Kawu     Saka Keji     Yoruba     Joseph Offorjama     Ibrahim Sulu Gambari     PAACO-PCL Consortium     Bashir Adigun     JAAC     Oja-Oba     John Kehinde Salako     Siddiq Adebayo Idowu Salawu     Yusuf Abdulkadir     Isa Aremu     Olupako     Mopelola Abdulmaliq-Bashir     Earlyon Technologies     Folorunsho Alao     Nagode     Young Progressives Party     The Herald     Ilorin Anchor Men And Women     Federal Polytechnic Offa     Women Radio     GRA     Baba Isale     Jamiu Oyawoye     SSUCOEN     Kwara     Olatunji Ibrahim     Jebba     Dan-Kazeem     Sola Saraki Educational Foundation     Bature Bello    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Femi Oladiji     Galland Marcias     Taofik Abdulkareem Babaita     Fatai Garuba Labaka     Bond     Basic Education Certificate Examination     Imodoye Writer’s Enclave     Mohammed Alabi Lawal     Ishola Moses Abiodun     Amos Sayo     Abdul-Rahoof Bello     Maimunat Oloriegbe     Photo News     Sheikh Ridhwanullah     Omotoso     Bayo Lawal     Ibrahim Taiwo     Abdulhakeem Amao     Hassanat Bello     Markaz Arabic And Islamic Training Institute, Agege     Kunle Okeowo     Adamu Atta     Ilorin West     Forgo Battery Company Limited     Oba David Oyerinola Adedunmoye     Aliyu Adebayo     Chemiroy Nigeria Limited     Bluenile Associates     Olusin Of Ijara Isin     Shade Omoniyi     Tope Daramola     NNPP     International Public Sector Accounting Standards     Tsaragi     Laboratory-to-Product     Balogun-Ojomu     Durbar     Habeeb Saidu     Oluwarotimi Boluwatife Adenike     Oba Sulaiman Asude     Sam Okaula     Olatunji Ibrahim     Amos Bajeh     CT Ayeni     Omu Aran     Abubakar Atiku     KWIRS     Ayobami Akanbi     Toyin Falola     Alaaya     Halidu Danbaba     Revenue Court     Edu     Sun Qing Rong     Afeyin-Olukuta     Amuda Aluko     Imam Gambari     Kwara Politics     Gobirawa     ER-KANG Mining Nigeria Company Limited     Amos Justus Sayo     Suleiman Abubakar     Sanusi Abubakar     CACOVID     Bolakale Ayo     Olaosebikan     Olupako     REO CAKES     Charcoal     Ezekiel Yissa Benjamin     Ajeigbe     Rafiu Olasile     Ahmed Dankaya     Park     2017 Budget     Kola Bukoye     Omotoso Musa