The National Information Technology Development Agency (NITDA) has been mandated by President Bola Tinubu to lead the implementation of the Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT) and Counter-Proliferation Financing (CPF) Data Management Platform project.
The project is aimed at removing Nigeria from the Financial Action Task Force (FATF) Grey List by 2025. Nigeria was included in the FATF Grey List in February 2023.
NITDA is expected to build better systems to manage financial data and compliance in Nigeria in collaboration with the Nigerian Financial Intelligence Unit (NFIU).
Inaugural meeting on implementation
Speaking during the inaugural meeting for the project implementation on Friday, Kashifu Inuwa, Director-General of NITDA, said the project would address deficiencies identified in Nigeria’s Mutual Evaluation Report (MER).
Inuwa explained that FATF placed Nigeria on the grey list because of seven issues, which included the rising capital…
Connect with us on our socials: