Nigerian Bank Cards To Be Barred Internationally From March 2018

Egmont group is set to expel Nigeria’s Financial Intelligence Unit (NFIU) by March 2018. This is on the agenda of the Egmont Working Group and Heads of FIU Meeting between the 2nd and 7th of March, 2018 in Buenos Aires, Argentina.

The Egmont group, which is a global network of 152 Financial Intelligence Units (FIUs) had earlier suspended Nigeria in July 2017 following the consensus by the members of the group at the 24th plenary of the group in Macao, SAR.

If expelled, Nigeria will suffer a blacklist in the global finance sector and Nigerian Banks will be unable to issue Mastercard and Visa credit/debit cards while card transactions with Nigerian originated cards will be blocked meaning Nigerians cannot do foreign transactions. This is one of many other costs of the i

This is one of the many other consequences of this looming decision. In the first place, the decision to suspend Nigeria’s FIU largely due to the fact that it has operated under the Economic and Financial Crimes Commission with high level of interference and meddling by the Ibrahim Magu led anti-corruption agency. Magu by court orders is an illegal appointee who has continued to receive the backing of Vice President Yemi Osinbajo. The NFIU in this position flagrantly violates Recommendation 29 of the FATF standards that stipulates that the FIU must remain independent and devoid of any form of interference.

In Macao, the Egmont group specifically pointed out that the Magu led EFCC had continued to leak sensitive information to the media and the agency has continued to blackmail individuals using highly confidential financial intelligence available to it. ]The FIU in its statement announcing the consensus decision to suspend NFIU membership status said..

http://www.thewhistle.ng/egmont-group-magu-osinbajo/

We are in trouble.
Buhari has dabaru( Yoruba word for destroyed ) this country.

Make I book space before e reach FP

A whole Giant of Africa


What is wrong with this dam country and its leaders sef ?

No need collecting master or visa card, let them just replace my card with verve...

Choi....... Trouble looming....