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Nigeria making progress in money laundering, terrorism financing fight – FATF
Nigeria making progress in money laundering, terrorism financing fight – FATF
According to the Nigerian Financial Intelligence Unit (NFIU), Nigeria will exit the Financial Action Task Force (FATF) grey list by early 2025.
The FATF acknowledged Nigeria’s progress during its June 2024 Plenary meeting in Singapore. Nigeria’s efforts to address anti-money laundering and counter-terrorism financing deficiencies have been recognized.
The Nigerian delegation at the Plenary included the EFCC Executive Chairman, the SCUML Director, and the NFIU CEO’s Chief of Staff.
A statement by Sani Tukur, Head of Strategic Communications at NFIU, confirmed Nigeria’s advancement and commitment to the Action Plan.
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It noted, “The Plenary approved two more upgrades. Nigeria has completed 30% of the Action Plan and is on track to exit the grey list by early 2025.”
Hafsat Abubakar Bakari reaffirmed Nigeria’s dedication to fully implementing the Action Plan and updated the Plenary on GIABA’s progress in strengthening its technical capacity.
Nigeria was placed on the grey list in February 2023. Exiting the list is expected to enhance Nigeria’s international reputation and attract foreign investment.
Nigeria making progress in money laundering, terrorism financing fight – FATF
News
Katsina gov queries district heads who shunned Sallah celebration
Katsina gov queries district heads who shunned Sallah celebration
Governor Dikko Radda of Katsina State has demanded an explanation from the Katsina Emirate Council for the non participation of some District Heads in the 2024 Eid-el Kabir Sallah celebration.
This is contained in the letter to the emirate council, which was signed by the Director, Administration and Supply, Office of the Secretary to the State Government, Sani Rabiu, dated June 27, 2024.
The letter, which was addressed to the Secretary, Katsina Emirate Council, was received on Friday.
It was titled: ‘Re: Sanarwar Hawan Sallah Babba” (Re: Information on Eid-el Kabir celebration)’.
The letter read: “I am directed to refer to your letter on the above underlined subject matter dated June 7, 2024.
“And convey the directive of His Excellency, the governor, for you to provide reasons for non participation of some District Heads in the 2024 Eid-el Kabir Hawan Sallah celebration.
“Grateful for your prompt response as always, please.”
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The Governor’s Director-General on Media, Mr. Maiwada Danmallam said the matter was purely an administrative issue with no underlying motives as being misrepresented and discussed out of context in the social media.
He said, “Comments alluding to any conflict between the government and the Katsina emirate are built on baseless assumptions and conclusions.
”They are clearly intended to distract the government with trivialities given the absence of more cogent reasons to interrogate governance in the state.”
Danmallam said that the state government has the supervising authority over the two Emirates of Daura and Katsina.
“In line with this authority, it’s expected that the government will seek clarifications when and if necessary to ensure full compliance with government’s policies and directives.
“Not necessarily in a conflict situation but to ensure optimum accountability and efficiency as generally required of other MDAs by His Excellency, Governor Radda.
“Assuredly, the Katsina State Government is enjoying a cordial relationship with the two Emirates of Katsina and Daura.
“Any idea of conflict between the state government and any of the two emirates is a figment of the imagination of some conflict entrepreneurs,” the director-general explained.
Katsina gov queries district heads who shunned Sallah celebration
News
Executive Order: NAFDAC praises Tinubu for advancing drug and health security
Executive Order: NAFDAC praises Tinubu for advancing drug and health security
The National Agency for Food and Drug Administration and Control (NAFDAC) has lauded President Bola Ahmed Tinubu for signing an executive order to strengthen drug and health security in Nigeria.
In a statement on Saturday, NAFDAC Director-General Prof. Moji Adeyeye highlighted that the executive order is designed to transform Nigeria’s health sector. The order focuses on increasing local production of healthcare products, reducing healthcare equipment and consumables costs, and promoting local investments.
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Prof. Adeyeye emphasized that this move paves the way for a sustainable and high-quality healthcare system for all Nigerians. She noted that the executive order demonstrates the administration’s dedication to transforming the health sector and aligns with the Nigeria Health Sector Renewal Investment Initiative (NHSRII) and the Presidential Initiative on Healthcare Value Chain (PVAC), which was approved in October 2023.
Prof. Adeyeye also mentioned that NAFDAC has been implementing measures to enhance the local manufacturing of drugs and other health commodities over the past six years. She stated that the Tinubu administration has created an environment where local manufacturers can excel and compete effectively.
Executive Order: NAFDAC praises Tinubu for advancing drug and health security
News
Food Security: Saudi Arabia plans farm equipment manufacturing plants in Nigeria
Food Security: Saudi Arabia plans farm equipment manufacturing plants in Nigeria
Senator Abubakar Kyari, the Minister of Agriculture, announced that Saudi Arabia has shown interest in establishing manufacturing plants in Nigeria for farming equipment.
Kyari disclosed this in a statement on his Twitter account on Saturday following a meeting with stakeholders from the Middle Eastern state. He highlighted that the objective is to enhance Nigeria’s agricultural sector through mechanization by locating these plants within the country.
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Additionally, Kyari mentioned that Saudi Arabia has committed to purchasing 200,000 metric tons of red meat annually from Nigeria and one million tons of soya. He emphasized that this initiative will bolster the agricultural sector and the nation’s production capacity.
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