Loading...

About Us

  • Vision Statement

    • To be amongst the leading financial intelligence organizations in the world

  • Mission Statement

    • To safeguard the Nigerian financial system and contribute to the global fight against money laundering, terrorism financing and related crimes through the provision of credible financial intelligence

  • About the NFIU

    • The Nigerian Financial Intelligence Unit (NFIU) is the central national agency responsible for the receipt of disclosures from reporting organisations, the analysist of these disclosures and the production of intelligence for dissemination to competent authorities. The NFIU is an autonomous unit, domiciled within the Central Bank of Nigeria and the central coordinating body for the country’s Anti-Money Laundering, Counter-Terrorist Financing and Counter-Proliferation Financing (AML/CFT/CPF) framework.

  • International Remit

    • The establishment of the NFIU is based on global standards that promote effective implementation of legal, regulatory and operational measures to combat money laundering, terrorist and proliferation financing as contained in the Financial Action Task Force (FATF) 40 Recommendations www.fatf-gafi.org

    The NFIU has also been a member since 2007 of the Egmont Group, an informal network of 165 Financial Intelligence Units which provides a platform for the secure exchange of expertise and financial intelligence to combat money laundering and terrorist financing.

  • Domestic Remit

    • The NFIU was formally established in 2004 and became operational in 2005 as a unit of the Economic and Financial Crimes Commission (EFCC). In 2018, the Nigerian Financial Intelligence Unit (Establishment) Act transformed the Unit into an autonomous and independent agency domiciled with the Central Bank of Nigeria.

    The NFIU is an administrative type FIU, which draws its powers from the 2018 NFIU Act, the 2012 Money Laundering (Prohibition) Act (ML(P)A) as amended and the 2013 Terrorism (Prevention) Act (T(P)A).

    The NFIU is the Secretariat of the Inter-Ministerial Committee on Anti-Money Laundering and Counter-Terrorist Financing (IMC) www.imc.gov.ng , the national coordination body for the country’s strategy to combat money laundering and terrorist financing. The Unit is also the Secretariat of the National Sanctions Committee (NSC) chaired by the Honourable Attorney-General and Minister of Justice of the Federation which is responsible for the implementation of United Nations Security Council Resolutions to combat global crime.

  • Central Functions

    • The core mandate of the NFIU as enshrined in the NFIU Act, ML(P)A and T(P)A include the following:


    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.

  • Other Functions of NFIU

    • The NFIU is also empowered to:


    1. Advise law enforcement, regulatory and supervisory agencies on prevention and combatting of money laundering ,terrorist financing and predicate offences.
    2. Exchange information with other FIUs and designated international organisations to combat and prevent global crimes
    3. Conduct research into emerging threats of money laundering, terrorist financing and other predicate offences.
    4. Strengthen compliance with domestic and international anti-money laundering and counter-terrorist financing standards of reporting entities

© Copyrights 2023 Nigerian Financial Intelligence Unit (NFIU). All rights reserved.