The deadline to Nigeria to separate its National Financial Intelligence Unit from the EFCC lapsed on Sunday, without Nigeria signing a law that would have done so. The likely outcome of the meeting will be Nigeria’s expulsion from the group.
Browsing: Senator Chukwuka Utazi
The intervention of the leadership of the National Assembly came ahead of the Egmont Group’s next meeting which is scheduled to hold on March 12. At the meeting, it would be determined whether Nigeria has complied with the requirements to warrant the lifting of its suspension.
He said, “People now buy these dollars and keep them in their houses. The amount of dollars in Nigeria in cash is more than the amount of dollars in the whole of the USA. If you (EFCC) tell us, we can cooperate with you and tell you (about) the people hiding these monies.”