Roland Iwuchukwu
As part of Nigeria’s strategic preparations for the forthcoming Financial Action Task Force (FATF) Mutual Evaluation onsite visit, the Special Control Unit Against Money Laundering, SCUML, has held a focused stakeholders’ engagement with select Self-Regulatory Organizations, SROs, and a Non-Profit Organization- Spaces for Change.
The interactive session held on Thursday , May 29, 2025 at the EFCC Conference Hall, Awolowo Road, Ikoyi Lagos and centered on the role of the various sub-sectors in strengthening the compliance with the Money Laundering (Prevention and Prohibition) Act, 2022, and ensuring sector readiness for the FATF evaluation.
In his remarks, the Director, SCUML, Deputy Commander of the EFCC, DCE Harry Eri, emphasized the critical gatekeeping responsibilities of the various professional bodies and the need for coordinated sensitization efforts to close compliance gaps.
He also highlighted the importance of sanctions as a necessary and dissuasive tool to reinforce compliance and demonstrate effectiveness in Nigeria’s anti-money laundering and counter-terrorism financing regime.
Participants reaffirmed their commitment to working with SCUML to promote transparency, enhance awareness, and support Nigeria’s goal of exiting the FATF grey list.
In attendance were representatives from the Chartered Institute of Taxation of Nigeria , CITN, the Nigerian Institution of Estate Surveyors and Valuers, NIEVS, Lagos and Ogun State chapters; Institute of Chartered Accountant of Nigeria, ICAN, the Association of Corporate Trustees, and an NGO- Spaces for Change.