News

Money Laundering: CBN Places Cameroon, Vietnam, Croatia On Watchlist

Published

2 years ago

July 7, 2023

The Central Bank of Nigeria has asked Deposit Money Banks and Other Financial Institutions in the country to increase monitoring of transactions with businesses and persons in and from Cameroon, Croatia and Vietnam.

This was according to a circular referenced: FPR/AML/PUB/BOF/001/029, which was issued, on Thursday, by the Director, Financial Policy and Regulation, Mr Chibuzo Efobi.

According to CBN, Nigerian banks and other financial institutions need to watch transactions with those countries because they had been recently placed on a grey list by the Financial Action Task Force.

The Financial Action Task Force is an international body whose purpose is to develop and promote measures to combat money laundering, terrorist and proliferation financing.

Any country under increased monitoring is actively working with the FATF to address strategic deficiencies in its regime to counter money laundering, terrorist financing, and proliferation financing.

The apex bank also said that the Democratic People’s Republic of Korea, Iran and Myanmar remain on the list of high-risk jurisdictions, which banks should closely monitor.

The Circular reads in part, “The attention of banks and other Financial Institutions is drawn to the outcomes of Financial Action Task Force Plenary conducted from June 21-23, 3023 and subsequent addition of Cameroon, Croatia and Vietnam to the list of jurisdictions under ‘Increased Monitoring.’

“Furthermore, Democratic People’s Republic of Korea, Iran and Myanmar remain on the list of high-risk jurisdictions, subject to ‘Call for Action.’

“Consequently, enhanced due diligence should be applied and in severe cases, counter-measures may need to be implemented to safeguard the international financial system.”

The CBN added that Russia remains suspended from the FATF, and banks need to stay vigilant and beware of any risks from transactions with the listed countries.

“Additionally, we would like to emphasise that the suspension of the Russian Federation from the FATF remains in effect.

“FIs are to be vigilant to and be alert to possible emerging risks resulting from the circumvention of measures taken to protect the international financial system.

“In light of these developments, FIs are directed to note all additions to jurisdictions under ‘Increased Monitoring,’ as well as, high-risk jurisdictions subject to a ‘Call-for-Action’ and take necessary measures to mitigate these risks effectively,” the CBN said.

Earlier in February this year, Nigeria was also grey-listed by the FAFT.

A recent statement from the Nigerian Financial Intelligence said the country’s positive push to get out of the grey list has compelled the FATF to slash Nigeria’s 84 identified deficiencies to 15.

News

Out-of-school: Bauchi Education Ministry Takes ‘Back To School’ Campaign To Markets

Published

4 hours ago

October 15, 2025

Editor

The Bauchi State Ministry of Education has launched a sensitization campaign on the importance of education across selected market places in the state.

The campaign aims to encourage school enrolment and showcase the infrastructural facilities provided by the Bauchi state government to ensure a conducive environment for learning and teaching in the state.

Speaking during the flag off of the campaign at Gadan-Maiwa Community, Dr. Mohammed Lawal, the state’s Commissioner for Education, emphasized that the marketplaces are ideal locations to promote education, as it is a hub of activity where people gather to buy and sell.

He highlighted the various infrastructural facilities provided by the government, which he said included the mega schools, provision of qualified teachers, and educational materials to woo parents to enroll their wards into school.

The Commissioner noted that the state has made significant progress in reducing the number of out-of-school children.

Lawal stated that the government has implemented a Conditional Cash Transfer (CCT) programme to support the education of girl children, which he said, has recorded significant success.

He therefore urged parents to take advantage of the government’s efforts and send their children to school.

The commissioner also commended Governor Bala Mohammed for his commitment to education and reducing the number of out-of-school children in the state.

On their part, the village head of Gadan-Maiwa, Safiyanu Ahmed, and the Chairman of Gadan-Maiwa motor Park, Alhaji Adamu Abubakar, lauded the government’s initiative and urged parents to support the effort.

The duo also appealed for more teachers to be employed to improve education in the state.

News

How My Fiancée kept Me From Temptations – Singer Spyro

Published

9 hours ago

October 15, 2025

Editor

Nigerian singer, Oludipe Oluwasanmi David, popularly known as Spyro, has revealed that his fiancée, Janet Atom, keeps him him grounded and away from temptations.

The ‘Who’s Your Guy’ crooner shared that before meeting his fiancée he was “tempted” by ladies, especially in Lekki.

Hailing his fiancée as his “Jesus baddie,” he appreciated her for changing his life.

The singer captioned a picture of his fiancée via Instagram; “Eiii God! My very own Jesus baddie @_callme_njure.

“Thank you again for saving me from Lekki girls o, na me know wettin my eyes see.”

Recall that Spyro recently engaged Janet Atom. He disclosed that he met her at a nightclub while announcing their engagement in September.

News

Drama In Abuja Hotel As BBNaija Star, Phyna Creates Scene Over alleged N200,000 Dispute [VIDEO]

Published

9 hours ago

October 15, 2025

Editor

Former Big Brother Naija winner, Ijeoma Josephina Otabor, popularly known as Phyna, was reportedly involved in a heated altercation at a hotel in Abuja following an alleged N200,000 disagreement.

According to eyewitness accounts, the confrontation began in the early hours of Tuesday inside Phyna’s hotel room in Abuja, before spilling into the lobby, attracting the attention of guests and staff.

Sources claimed the dispute stemmed from an unsettled financial issue involving N200,000, which quickly escalated into a shouting match.

The argument reportedly intensified when neither party was willing to back down, leading to pushing and chaos within the hotel premises.

Eyewitnesses further alleged that the situation worsened after others connected to the individuals involved joined the confrontation, turning the verbal exchange into a physical clash.

Security personnel and police officers were eventually called in to restore order, using teargas to disperse the crowd.

The incident comes shortly after Phyna returned to the public eye following a brief break to mourn the death of her sister, who died in an accident involving a Dangote truck.

Watch video:

https://x.com/i/status/1978198954014629890