Nigeria has been added to a blacklist of nations that pose global threat because of leniency as it relates to controlling financial activities of terrorists, as well as money laundering.

The European Commission also added Saudi Arabia, Panama, and other jurisdictions to the blacklist, the EU executive said on Wednesday.

According to Reuters, low sanctions against money laundering and financing terrorism, insufficient cooperation with the EU and lack of transparency regarding company beneficiaries, constitute the criteria used to blacklist countries.

Being on the blacklist does not only constitute reputational damage, it will also complicate financial relations with the EU, as the bloc’s banks will have to carry out additional checks on payments involving entities from listed jurisdictions.

http://saharareporters.com/2019/02/13/bad-news-anti-corruption-war-eu-adds-nigeria-dirty-money-blacklist?fbclid=IwAR2EX1IPs0wUvncoSa_y3XW9YMtCbgpfFMVNUD-yatPiq4DUhOcH7RZUE48

You’re deceiving yourself

highly incompetent.

Tough on looters. Strengthens wars against corruption and terror. Good news as elections knock on the door.

festacman:
Tough on looters. Strengthens wars against corruption and terror. Good news as elections knock on the door.

Are you sure you understood the news at all?

Bad news for APC back2back.

Waiting for EFCC attack dog Mugu to respond.

Gra Gra and media trials never win fights against corruption but strong institutions.

Asshurbanipal:
Are you sure you understood the news at all?

Look beyond the headline and you will be fine.

I thought the Boko Haram sponsor claim to be fighting corruption

festacman:

Look beyond the headline and you will be fine.

Explain more clearly. I have looked but I can't find anything favouring this administration in the news