Economy

Egmont Group Extends NFIU’s Suspension Caused By Magu Leaking Confidential Documents To Media Allies

By Danjuma Aliyu

Nigeria’s suspension from a world financial group over leaks of confidential document by Ibrahim Mustafa Magu, has been extended till the body holds it’s plenary in September.

In May 2017, DENISAURUS News exclusively reported that the Egmont Group had suspended the NFIU, Nigeria Financial Intelligence Unit.

Then, Ibrahim Mustafa Magu, the Acting Chairman of the Economic and Financial Crimes Commission, EFCC, was accused of leaking privileged information gained from the Egmont Group server to media allies.

Mr Magu, a perennial offender, whose nomination as chair of the EFCC was rejected by the Senate, refused to comply with the legal framework as required by the united body of 152 Financial Intelligence Unit, FIU.

Eventually, the NFIU, domicilled at the anti-graft agency was suspended from accessing the Toronto based server, making the fight against corruption a harder one.

To lift the suspension, the Senate passed a bill to make the NFIU independent – as required by the group.

Sources say President Muhammadu Buhari not signing the NFIA bill could have led to Nigeria’s expulsion, but a negotiation by Nigeria’s Legal Department saved the day.

The situation will be reviewed again in June, the government official noted.

 

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Categories: Economy, news

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