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Nigeria risks expulsion from EGMONT group, Senate raises  alarm
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Nigeria risks expulsion from EGMONT group, Senate raises alarm

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The Senate has raised the alarm that Nigeria risks being expelled from the EGMONT group of financial intelligence sharing countries if a harmonization committee is not put in place by both chambers of the National Assembly to beat the international deadline this month.

Chairman of the Senate Committee on Anti- Corruption and Financial Crimes, Senator Chukwuka Utazi raised the issue at Thursday’s plenary.

Utazi expressed worry over the inability of the National Assembly to come up with a conference report needed in granting independence to the Nigeria Financial Intelligence Unit (NFIU).

He accused his House counterpart on Financial Crimes, Representative Kayode Oladele of derailing the process of having a legal framework that would guarantee independence of the unit.

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