The Special Control Unit Against Money Laundering, SCUML, in the Sokoto Zonal Command of the Economic and Financial Crimes Commission, EFCC, has called on all operators of Designated Non-Financial Businesses and Professions, DNFBPs, to immediately comply with provisions of the Money Laundering (Prevention & Prohibition) Act 2022 to avoid penalties as stated in the Act.

Sokoto Zonal Coordinator of SCUML, Assistant Commander of the EFCC, ACE Ahmadu Bello, stated this at a sensitisation meeting between SCUML and the Zamfara State Coalition of Non- Governmental Organisations, NGOs, held on Wednesday, October 26, 2022 in Gusau.Zamfara State. According to him, all DNFBPs must be registered and must render reports as at when due.

Bello further informed the Coalition which has over 150 members, that such registration is free and online. He pointed out that they are expected to render reports on transactions that are above stipulated threshold as contained in the Act.

The reporting of transactions, Bello stressed, are imperative because DNFBPs are vulnerable to money laundering and terrorism financing, which may make them liable for prosecution.

Chairman of the Coalition, Ibrahim Tudu, appreciated the EFCC for its efforts in sanitizing the country and assured that member NGOs will definitely get registered and comply with all requirements. He urged the EFCC to further enhance sensitization as majority of operators are not aware of SCUML regulations.

The meeting was attended by representatives of traditional institutions, National Orientation Agency, NOA, Department of State Security, DSS, Zamfara Anti-corruption Commission and Ministry of Budget, amongst others

Media & Publicity

27 October, 2022