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NFIU: SENATE PASSES CONFERENCE REPORT

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NFIU: SENATE PASSES CONFERENCE REPORT

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Today, the Senate passed the Conference Committee Report of the Nigerian Financial Intelligence Unit (NFIU) Bill. This is following the passage of the Report yesterday, by the House of Representatives.

In his comments, following the passage of the Bill, the President of the Senate, Dr. Abubakar Bukola Saraki thanked the Chairman of the Senate Committee on Anti-Corruption, Senator Chukwuka Utazi, and the Senators for their work on the Bill.

He also added that: “I hope that with this Bill that we have passed today — this Conference Report — that they will have a second view and re-admit us into the process.

“I hope on the part of the Executive, they quickly assent to this Bill and also ensure that the independence of the Financial Unit goes beyond just signing this Bill into law. It is important that we see it being practiced — this is very important. I hope on their part, this will be done so that our country stays as part of the EGMONT Group that has a lot of benefits for our fight against corruption. I thank you all, my colleagues, for how quickly you responded to this. You came quickly to save the country.”

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