A bill to establish Nigeria Intelligence Financial Agency bill 2017 as sponsored by Utazi Chukwuka, representing Enugu south has passed first reading in the Senate.
The bill has been slated for second reading next week by Senate President, Bukola Saraki, to ensure the legalization being passed as soon as possible.
Previously, The Cable had reported that the anti-graft war of the Buhari administration was at risk as a result of Nigeria being suspended from the Egmont Group.
Chukwuka had disclosed that Nigeria was suspended due to lack of autonomy of the NFIU.
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Sequel to occurrence, the National Assembly, on Wednesday concluded to create a law for an independent Nigerian Financial Intelligence Unit (NFIU) charge with the duty of employing, promoting and disciplining it staff.
The Upper Chamber urged the executive to submit a budget for the NFIU before the end of the year.
Chukwuka disclosed tha another reason for the suspension is the meddling of Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), in the affairs of the.