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Admin
1
22 days ago

Public account withdrawal is money laundering – The NFIU will treat such as money laundering offence from March. – Express your point of view.

Abusi
Member
8
21 days ago

If it is made at checking corruption practices in the public sector, then it is fine. There is need to check the accounts from money withdrawals. So far it’s a Public agency account.

Member
8
21 days ago

Beginning in March of 2023, the removal of funds from public accounts will be considered an illegal form of money laundering.

Member
8
21 days ago

This initiative is meant to supplement the work done by the Central Bank of Nigeria to combat financing for terrorists and to promote the use of electronic payment systems in the economy.

Member
8
21 days ago

The circular on cash withdrawal limitations issued by the CBN, which is in accordance with the law, has the backing of the unit.

Member
8
21 days ago

This is a good way to check on corruption in public sector any action people can try to laundering money that will cause corruption should be monitor well and checked regularly

Member
8
21 days ago

This is undoubtedly a fantastic step in the fight against public account corruption. I’m starting to worry that the federal government won’t impose any regulations on them as well. But it’s encouraging to see that the law now applies to everyone.

Member
8
21 days ago

Since of their access to cash withdrawals from public accounts, government employees were found to be at a higher risk of being involved in money laundering and the crimes that lay at its foundation, according to the agency’s analysis of financial activities.

Member
8
21 days ago

If it is made at checking corruption practices in the public sector, then it is fine. There is need to check the accounts from money withdrawals. So far it’s a Public agency account.

Member
8
21 days ago

The violation of this particular clause has become so widespread as a direct result of the large cash withdrawals that have been forced from public accounts as a direct result of inflation and other shifts in the economy.

Member
8
21 days ago

The majority of cash withdrawals from public accounts were in excess of N5 million or N10 million, both of which were illegal and may result in imprisonment or fines upon conviction.

Member
9
21 days ago

Public account withdrawal is money laundering. Government just need to do the needful before things go bad

Member
8
21 days ago

it is good The unit agrees with the Central Bank of Nigeria’s circular on cash withdrawal limitations, which is in accordance with the law.

Member
8
21 days ago

If the CBN policy on public account withdrawal is now money laundering the and will be of the interest of the country then I am in support of it

Member
8
21 days ago

This is a useful technique to check public sector corruption. Any attempt to launder money and cause corruption should be monitored and reviewed constantly.

Member
8
21 days ago

This is a great public account corruption fight. I’m worried the feds won’t regulate them either. However, the law’s universality is encouraging.

Member
8
21 days ago

Inflation and other economic changes have prompted massive cash withdrawals from public accounts, resulting in widespread violation of this condition.

Member
8
19 days ago

This campaign is intended to support the Central Bank of Nigeria’s (CBN) initiatives to combat terrorism financing and advance a cashless society.

Member
8
19 days ago

The objective of the recently announced rules on this is to reduce money laundering, financing of terrorism, and the spread of weapons.

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