The Central Bank of Nigeria has finalised and gazetted the Anti-Money Laundering/Counter Terrorism Financing Compliance Manual to give it a full effect of law. A circular released by the bank to all banks and financial institutions on Friday said that the manual had been renamed, ‘CBN AML/CFT REGULATION (2009)’. It […]
World News
Multiple taxation reducing our profits –Banks
Deposit money banks in the country have raised concerns about the negative effect multiple taxation is having on their financial performance . According to the banks, the issue is becoming worrisome as it has drastically reduced their profits as well as shareholders’ funds. The chief financial officers of banks in […]
Nigeria expedites action to avoid global financial blacklisting
Nigeria stands the risk of being blacklisted by the global Financial Action Task Force, if it does not amend some of its money laundering and terrorism laws before October 15. The chairman of the Presidential Committee on FATF, Mr. Steve Oronsaye, made the declaration in Abuja on Wednesday when he […]
