Clipped Wings! Why Senate Wants To Strip EFCC Of Control Over NFIU [READ]

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The Senate. Photo Credit: File

A bill to establish the Nigerian Financial Intelligence Agency (NFIA) as the country’s independent intelligence unit, which has been under the control of he Economic and Financial Crimes Commission, moved a step closer to be a totally independent agency.

The Senate has received a bill to establish the Nigerian Financial Intelligence Agency, moving a step closer to making the country’s financial intelligence unit, currently under the EFCC,

According to a report by Premium Times, the bill which was introduced by Chukwuka Utazi, was read for the first reading on Thursday, a day after the Senate sought the independence for the NFIU, in response to the suspension of Nigeria from the Ergmont Group.

The development also came after the Economic and Financial Crimes Commission, EFCC, took a step to “reposition” the NFIU and make it “an autonomous unit under the EFCC”.

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This is a developing story and more details will follow later.

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