The Senate on Wednesday passed a bill to make Nigeria’s Financial Intelligence Unit (NFIU), currently under the Economic and Financial Crimes Commission (EFCC), totally independent.
The bill was passed after the committee of both houses of the National Assembly met to harmonise differences in their reports.
The report was laid and considered at the House of Representatives on Tuesday.
The bill if assented to by President Muhammadu Buhari will make the NFIU independent of EFCC within which it is currently domiciled.
It could be recalled that the NFIU was in July 2017 suspended by the Egmont Group of Financial Intelligence Units for allegedly not being independent.
The group reportedly demanded autonomy for the NFIU as a condition for the suspension to be lifted.