Senate, House At Loggerheads Over NFIU As Nigeria Risks Expulsion From Egmont
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The Senate and House of Representatives seem at loggerheads over the domiciliation of the Nigerian Financial Intelligence Unit (NFIU) despite the looming threat of Nigeria’s expulsion from the Egmont Group.
The bill to grant financial and operational autonomy to the unit, which has been passed by both legislative chambers, has been before the conference committee of the National Assembly, requiring harmonization of the discrepancies in both versions of the legislation.
Chairman Senate committee on anti-corruption and financial crimes Chukwuka Utazi raised a Point of Order on Thursday to informed the Senate that his colleague in the house of representatives has refused to honour scheduled meetings.
He further blamed the delay in transmission on the insistence of the House committee to domicile the unit within the EFCC
National Assembly correspondent Folashade Abdulsalami reports that the Lawmaker therefore sought the intervention of the Senate in the matter.
President of the Senate, Bukola Saraki in his ruling further promised to meet with the speaker of the House of Representatives to sort out the matter.
It would be recalled that the Egmont group had July last year suspended Nigeria for reasons related to financial intelligence, mandating the Nigerian government to make NFIU autonomous in its funding operations and management of Intelligence. END.
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