The Central Bank of Nigeria (CBN) and the Office of the Attorney General of the Federation (OAGF) have approved new administrative sanctions regime against banks and their staff who fail to comply with anti-money laundering and terrorist financing regulations. The…
Tag: money laundering
MONEY LAUNDERING: EX-OIL BOSS DRAGGED TO COURT BY EFCC
The Economic and Financial Crime Commission has dragged a former Managing Director of Oil Petroleum Limited, Mr. Nnaemeka Nwawka, to a Federal High Court sitting in Awka, Anambra State over alleged money laundering. Standing trial with Nwawka before Justice I. B.…