The commission’s spokesman, Mr Tony Orilade, said in a statement in Abuja on Friday, that Magu stated this at a workshop to sensitise Non-Profit Organisations (NPOs). The workshop, organised by EFCC in collaboration with Space for Change, had “Effective Implementation and Regulations of AML/CFT within the NPO Sector” as theme. Magu was represented by Director, Special Control against Money Laundering Unit of the commission, Mr Francis Usani. According to him, as a result of lack of adequate supervision and regulation of NPOs and by extension DNFIs, criminals have now turned their focus on the DNFIs sector to perpetrate money-laundering and terrorism financing. The acting chairman urged non-profit organisations to be conscious of their obligations and responsibilities under the Nigerian AML/CFT regime and develop a culture of compliance with its measures.

Source: The Guardian June 21, 2019 15:33 UTC