Non- profit firms hail EFCC for re- categorisation

NON- PROFIT Organisations ( NPOS) have commended the Economic and Financial Crimes Commission ( EFCC) for delisting them as Designated Non- financial Institutions ( DNFIS).

A statement, yesterday, by Spaces for Change ( S4C), pointed out that the delisting came into effect last week following the amendment of the Money Laundering ( Prevention and Prohibition) Act 2022 and the Terrorism ( Prevention and Prohibition) Act 2022.

“This is a victory for the whole of civil society in Nigeria,” Executive Director, S4C, Victoria Ibezim- Ohaeri said.

“We commend national authorities, especially the EFCC, Special Control Unit against Money Laundering ( SCUML) and the Nigerian Financial Intelligence Unit ( NFIU), for their maximum cooperation over the years,” she added.

According to Section 30 ( Interpretative Section) of the Money Laundering ( Prevention and Prohibition) Act, 2022, NPOS in Nigeria are no longer listed among DNFIS.

President Muhammadu Buhari, the group recalled, had assented to the amendments.