July 24 2017
AT the backdrop of Nigeria’s suspension from the Egmont Group of Financial Intelligence Units, the National Insurance Commission, NAICOM, has said that 200 insurance brokers out of the 358 operating in the country are yet to register with the Nigerian Financial Intelligence Unit, NFIU, on money laundering and terrorism financing. Nigeria was suspended last week by the global financial intelligence community over a perceived lack of transparency in the nation’s financial system.