The Nigerian Senate at plenary on Wednesday, resolved to pass a law that would make the Nigerian Financial Intelligence Unit (NFIU), independent of the anti-graft agency, EFCC.
The Red Chamber based their decision on the reported suspension of the NFIU from the Egmont Group.
The NFIU, an arm of the EFCC, was reportedly suspended from the Egmont Group of Financial Intelligence Units over Nigeria’s failure to provide legal framework that will make the NFIU autonomous, TheCable reported last week.
The NFIU helps tackle money laundering and monitor financial flows, task eased by its membership of the Egmont Group whose members share intelligence relating to international finance and illicit flow.
Senate President Bukola Saraki said the country “must make sure that the suspension is lifted, the earlier we get it lifted the better it is for our image,” as it is a setback in the fight against corruption.
