Current Affairs

Senate vows to separate NFIU from EFCC Following DENISAURUS News Expose On “Shut Down” Of Secured Egmont Group

Exclusive: By Adenike Lucas

The Nigerian Senate has resolved to pass a law that would make the Nigerian Financial Intelligence Unit, NFIU, independent of the anti-graft agency, EFCC.

The NFIU domiciled at the EFCC, was suspended from the secured Egmont Group – a server which allows the exchange of expertise and financial intelligence to combat money laundering and terrorist financing (ML/TF), since May.

EFCC sources explained to the editor of DENISAURUS News, Adenike Lucas  that Nigeria was completely shut down from receiving data from the secured server which provides the necessary information needed in the fight against corruption, because of sabotage by the chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Mustafa Magu.

In our exclusive first report about the issue,  we stated that Mr Magu, 53, also failed to comply with legal regime framework as required by the Egmont group.


The corrupt police officer from Borno state, who was rejected by the Senate due to an intel report by the Department of State Services, was also said to be meddling with the affairs of the NFIU, and defying the rules that says it should be autonomous.

Insiders further revealed that the Egmont group was worried that Mr Magu was abusing the information received from the secured server.

Nigeria which joined the group in 2007, during President Olusegun Obasanjo’s regime, has been warned that if change is not made by January 2018, the NFIU will be completely expelled from the body which serves over 150 other countries.

At Plenary, the Senate President, Bukola Saraki said: “Clearly this suspension is a set back for the fight against corruption.”

In the event of an eventual expulsion, the the former Governor of Kwara noted that “Nigeria will not benefit from the financial intelligence shared by the other 152 countries of group, which includes the United States and United Kingdom.”

He said the suspension will hamper the fight against corruption.

He added that “we must make sure that the suspension is lifted, the earlier we get it lifted the better it is for our image.”

He added that “we must make sure that the suspension is lifted, the earlier we get it lifted the better it is for our image.”

Senator Foster Ogala stated “that the expulsion of Nigeria from the UN-backed Egmont group would spell doom for Nigeria.”

The representative for Bayelsa West urged the Senate to “initiate the passage of the NFIU Establishment Act in order to ensure that it contributes its own significant quota to fighting corruption in Nigeria.”

Senator Dino Melaye, who is highly revered by EFCC workers for his support against the injustice meted out to them by their boss explained that the shut down of the crucial financial server “will affect funding for other international organisations. He said “we have to respect treaties and international law.”

Miss Lucas, who was the only one to report the issue two months ago, was reliably informed that Mr Magu stopped staff members from discussing the block off by the Egmont group.

He also refused to inform his substantive boss, the Attorney-General of the Federation, Abubakar Malami, SAN about the issue.

In fact, Mr Magu through the Commission’s Publicity Officer, claimed there was no shut down. Instead, he lambasted Miss Lucas, insinuating in his press release that she was a trouble maker who was paid by “paymasters.”

READ ALSO :  EFCC Statement

READ ALSO :  EFCC Statement 

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Miss Lucas said: “It is now glaring for the world to see, if ever they were in doubt who is the liar. The world know has further prove about what I published about Mr Magu. It is the truth! Mr Magu is a liability to the fight against corruption.”

Today, lawmakers from the upper chamber have decided to adopt a multiple point resolution that calls for the establishment of an independent NFIU.

Senator Mao Ohuabunwa said: “They should come with a Bill within 4 weeks for an independent NFIU.”

The Senate’s resolution called on the Ministries of Justice, Finance and Interior to work to ensure that “Nigeria’s suspension is immediately reversed and ensure that all the conditions set by the Egmont group are met to re-admit and improve Nigeria’s standing within the Group.”

Meanwhile, the 8th Senate has passed a Bill to protect whistle blowers.

Senator Saraki said it was a “promise kept.”

“Today, we have passed a landmark piece of legislation to fight corruption and protect patriotic Nigerians who are fighting corruption,” he said: “This Bill will protect the lives of those who risk themselves to expose corrupt practices in Nigeria.”

Under the newly passed Bill, “a person who makes a disclosure shall not​ be subject to victimisation by his or her employers or by fellow employees.”

In addition: “a person who makes a disclosure has the right to take legal action if he or she is victimised, dismissed, suspended, declared redundant, transferred against his or her will, harassed or intimidated in any manner.”






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