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.

Baboko Primary School     Mahmud Ajeigbe     Idris Amosa Oladipo Saidu     Taofik Mustapha     Oniyangi     Ajike People Support Centre     Mujtabah Bature     Jumoke Monsura Gafar     Egbejila     REO CAKES     Bola Magaji     Quran     Abdulrahman Abdulrazak     Lateef Alagbonsi     Garba Idris Ajia     Aremu Bose Deborah     Old Oyo     Matthew Okedare     Sulu Gambari     Asa     TESCOM     Majlis For Sadakah, Zakat And Waqf     Saba Jibril     Ibrahim Bio     Hamidat Sulyman-Yusuf     Jumoke F. Ajao     Seni Saraki     Ibrahim Agboola Gambari     GGDSS Pakata     PAACO-PCL Consortium     Kwara NIPR     Abdulrazaq Akorede     Moronfoye     Tunde Oyawoye     Kwara State Fire Service     Oluronke Adeyemi     Oladipo Akanmu Tolani     Haliru Yahaya     Ogidi-Oloje     Adesoye College     Michael Ologundea     Rice Farmers Association Of Nigeria     Kazeem Oladepo     Kwara Liberation Group     Abegunde Goke     Age AbdulKareem     Bayo Ojo     Sabi     Saadu Gbogbo Iwe     Oluranti Idowu     Noah Yusuf     Kwara State Fish Farmers Association     AIT Ilorin     Saidu Kawu     Oluwarotimi Boluwatife Adenike     Yunus Oniboki     Kwarareports     Apado     Saeedat Aliyu     Boko Haram     Toyin Abdullahi     Tescom.kwarastate.gov.ng     Abdulmajeed Abdullahi     Bolaji Aladie     Bashir Omolaja Bolarinwa     Shade Omoniyi     Kwara Hotel     Ganmo Electricity Sub-Station     Dunmade     Jaigbade Alao     Omoniyi M. Ayinla     Yeketi     Shagari     KWATMA     Bursary     Rebecca Olanrewaju     Maryam Ado Bayero    

Cloud Tag: What's trending

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

Sola Saraki University     Pakata Development Association     Osuwa     Magaji Erubu     Lawal Jimoh     Taofik Abdulkareem     Atiku Abubakar     Folorunsho Alao     Taofik Abdulkareem Babaita     Sadiq Umar     Bisi Oyeleke     Ileloke     Afonja Descendants Union     Baba Isale     Yahaya Dumoye     Saka Adeyemo     ENetSuD     AbdulHakeem Ajibola Akanbi     Firdaos Amasa     Mujtabah Bature     Freshvine Nigeria Limited     Yakubu Gobir     Maryam Ado Bayero     Raheem Adaramaja     HYPPADEC     Kwara North     Shuaib Abdulkadir     Garba Idris Ajia     Victor Gbenga Yusuf     Ajibola Ademola Julius     Quran     Col. Adedipe     Ahman Pategi University     Balikis Jawondo     Kamaldeen Ajibade     Mohammed Saidu     Ilorin Emirate Staff Association     Isiaka AbdulRazaq     Abdullahi Samari     JSSCE     Kolade Solagberu     Bola Ahmed Tinubu     Jamila Bio Ibrahim     Mohammed Khadijat Kubura     Opaleke Bukola Iyabo     Kolo     Prince Sunday Fagbemi     Shettima Of Ilorin     Abdulkadir Akanbi-Oke     Jumoke Gafar     AbdulRazaq Abubakar Jiddah     EFCC     20 Billion Bond     Kwarareports.com     Kwara State Pension Board     SSUCOEN     Eruku     Emir Of Shonga     Hajj     Raliat AbdulRazaq     Durbar     Adekunle David Dunmade     Okedare     Oasis Muslim Care Foundation     Manzuma     Yahaya Abdulkareem Babaita     Share-Tsaragi     Nigerian Army     Shola Odetundun     Mashood Dauda     Shuaibu Yaman Abdullahi     UNIFEMGA     Folajimi Aleshinloye     Abdulsalam A. Yusuf     United Nigeria Airline     Aishatu Ahmed Gobir     Olayinka Are