Entities

Nigerian Financial Intelligence Unit

Nigerian Financial Intelligence Unit

Acronym
NFIU
Industry
Location
Founding Date
2004

The Nigerian Financial Intelligence Unit is the central national agency responsible for safeguarding the Nigerian financial system. It aims to contribute to the global fight against money laundering, terrorism financing, and related crimes through the provision of credible financial intelligence. An autonomous unit, NFIU is the central coordinating body for the country’s Anti-Money Laundering, Counter-Terrorist Financing, and Counter-Proliferation Financing framework.

CENTRAL FUNCTIONS

  1. Receipt of suspicious transaction reports from reporting entities including financial institutions and designated non-financial businesses and professionals.
  2. Receipt of threshold-based transaction reports from reporting entities
  3. Analysis of the received information, including connecting and accessing local and international databases to enrich the reports
  4. Dissemination of the resulting intelligence reports to law enforcement, anti-corruption, security, intelligence agencies as well as regulatory and supervisory bodies for further investigation and prosecution.