Abuja -The Nigerian Financial Intelligence Unit (NFIU) has urged regulatory and law enforcement agencies to collaborate towards achieving the set objective of the National Risks Assessment (NRA) project initiated in 2013.
Mr Francis Usani, Director of NFIU, made the call in Abuja on Tuesday at a One-day Sensitisation Workshop for select regulatory and law enforcement agencies in the country.
He also urged them to understand the attendant challenges while making concerted efforts to surmount them within 18 months timeline.
He explained that the workshop was organised to enable the regulatory agencies to assess the current parameters used for the conduct of Mutual Evaluation Exercise.
According to him, there is need to sensitise the regulatory agencies in the NRA project on data collection and research methodologies, so as to distinguish between relevant and irrelevant data.
Usani said the workshop became timely in view of the NRA project geared towards the second phase, including data collection and self-evaluation stage.
“There is, therefore, the need to remind ourselves of our expectations; and to this end, we must take an overview of the Nigerian financial system within the perspective of the 2008 Mutual Evaluation Report of Nigeria.’’
[pro_ad_display_adzone id=”10″]
The event featured presentation of papers by several participants including NDLEA, SEC, Nigeria Customs, Special Control Unit against Money Laundering and the CBN.
The NFIU is the central national agency responsible for the receipt and analysis of financial disclosure and dissemination if intelligence generated therefrom to competent authorities.
It was established in June 2004 to coordinate the country’ anti money laundering and combating the financing of terrorism regime.
It is domiciled in EFCC. (NAN)