₦airaland Forum

Buhari ordered the previous IG yet nothing happened what makes the IG think police would listen to him



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we should stop calling them indomie generation but HIV generation

this is same thing Rhekina from fake dubai does annoying people

Nigerians would still complain after a while... but this is great i hope this wont force banks to reduce ATM location to save cost incured on managing the machine

since the introduction of the 65 naira charges ATM centers have being increased astronomically with private business centers and shopping malls having functional ATM, i pray we dont go back to days of where out of 10 ATM machines on a block only 2 would dispense, while some places ATM wouldnt even have power and no bank official would be willing to come



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Stillthebest:
Where did you get this crap information from? What year did Sanusi get crowned? And what yr did Buhari get 'selected'?

Why did Buhari want to jail Sanusi?

Dont mislead people with half-cup filled info, online!

meant GEJ its an error

yanabasee:
Tinubu is a criminal and a drug baron..... Very soon, he will account for his sins.....

Talk is cheap not even Obasanjo, Yaradua or Jonathan could tourch Tinubu.. you go wail tire

if Obaseki joins PDP he would be impeached and not fit to contest any election

let him enjoy his time while he still can because winter is coming

Cabal kor ojuju calabar nii


who are the so called Cabals? Isa funtua who was bankrupt before buhari came and his son inlaw used AMCON to boost him, or Maman Daura who at almost 80 stays with his 77 year old uncle with his family draging left overs with Aisha Buhari after a failure of a career in journalism, or glorified secetary called Abba Kyari who is quite politically irrelevant and Buhari's name is his saving grace as if it isnt the same Abba kyari that worked for Fani Kayode's father and also Tony enumelu


that was how Tanimu Yakubu Kurfi , Baba Kingigbe , James Ibori and Tura Yaradua formed an imaginary Cabal during Yaradua's time .. now where are they?



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Obaseki own done pafuka... Fayemi and Elrufai finnaly pushed him into hot soup.

so with all the noise Oshiomole would decide which kind of primaries that would hold in Edo APC and influence the delegates list



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Sanusi finally met his match , now the hypocrite bows


when PDP brought Sanusi to CBN they did that with purest of heart and Sanusi soon turned himself to fake news monger in other to bite Jonathan's fingers by accussing Jonathan of stealing $50 billion USD. when GEJ decided to jail him , it was Tinubu and Pastor Osinbajo that saved him by getting an injuction and challenging the legality of his suspension, while Kano emirate decided to Crown him so as not to go to jail

Imediately he got crowned and APC became ruling party, he again started running his mouth and trying to bring APC down in Kano and Federal level sprewing out unclaimed allegation that Buhari's family got dollars at subsidised rate from CBN to re sell it.. pointing out Aisha Buhari and Garba Shehu as if they werent entitled to estacode forex

Now APC are showing him that not everyone is as stupid as Jonadulll, you try shiit you get the soak away


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foolish ex convict keep wheeping like your fellow nairaland wailer Old Dunce

let me also defend Tinubu here ojare make i fustrate wailers small

Any wailer that can succesfully point out the law which Tinubu violated wins a price





1. What is Money Laundering?
Money laundering according to the Act is when any person in or outside Nigeria directly or indirectly conceals or disguises the origin of; converts or transfers; removes from the jurisdiction; acquires, uses, retains or takes possession or control of; any fund or property, knowingly or which he/she should reasonably have known that such fund or property is, or forms part of the proceeds of an unlawful act.

‘Unlawful act’ includes – participation in an organized criminal group, racketeering, terrorism, terrorist financing, trafficking in persons, smuggling of migrants, sexual exploitation, sexual exploitation of children, illicit trafficking in narcotic drugs and psychotropic substances, illicit arms trafficking, illicit trafficking in stolen goods, corruption, bribery, fraud, currency counterfeiting, counterfeiting and piracy of products, environmental crimes, murder, grievous bodily injury, kidnapping, hostage taking, robbery or theft, smuggling (including in relation to customs and excise duties and taxes), tax crimes (related to direct taxes and indirect taxes), taxes crimes (related to direct taxes and indirect taxes) extortion, forgery, piracy, insider trading and market manipulation or any other criminal act



2. Cap on Cash Transactions
The Money Laundering (Prohibition) Act 2011 makes it illegal for any individual to accept or make any cash payment that exceeds N5m (Five Million Naira). This means that every cash transaction over N5m must be done via a financial institution.

Any person found guilty of contravening this is liable to imprisonment for a term of not less than 3 years or a fine of N10m (Ten Million Naira) or to both.



3. Declaration when transporting cash overseas
The Money Laundering (Prohibition) Act 2011 states that any individual, who is transporting cash or negotiable instruments in excess of US$10,000, or its equivalent must be declared to the Nigerian Customs Service.

Non-declaration of the funds or false declaration is an offence that is punished upon conviction by the individual forfeiting the funds in question, or to imprisonment of not less than 2 years or to both.



4. Gambling in a Casino
If you gamble in casinos in Nigeria, then you should be aware that the Money Laundering (Prohibition) Act 2011 provides that a casino must verify the identity of its customers and record all transactions, including the nature and amount involved in each transaction, and this information shall be kept in a register and preserved for a period of at least 5 years after the last transaction recorded in the register.

Therefore the information about people who gamble in casinos is mandated by law to be kept for 5 years.



5. Data Retention by Financial Institutions and Designated Non-Financial Institutions
The Act provides that the above institutions shall keep a record of a customer’s identification for a period of at least 5 years after the closure of the account or the severance of relations with the customer.

This therefore means that irrespective of the fact that you have closed your account or dealings with the above institutions, they are still obliged by law to keep a record of your details.



6. Obligation to report to the Economic and Financial Crimes Commission (EFCC)
The Act provides that financial institutions and designated non-financial institutions are obliged to report to the EFCC any single transaction, lodgement or transfer of funds in excess of N5m (Five Million Naira) within 7 days.

Therefore individuals should be aware that if they make such transactions, such transactions would be liable to be monitored by the EFCC.



7. Numbered or Anonymous Accounts
The Money Laundering (Prohibition) Act 2011 makes it illegal to open or maintain a numbered or anonymous account in Nigeria. A numbered bank account is a type of bank account where the name of the account holder is kept secret, and they identify themselves to the bank by means of a code word known only by the account holder and a restricted number of bank employees, thus providing accountholders with anonymity in their financial transactions.

The offence is liable on conviction to a term of not less than 7 years but not more than 14 years imprisonment.



8. Money Laundering ‘Agent’, Conspirators, and Accessories
The Act makes it illegal for individuals to carry out money laundering activities on behalf of another person, when he/she knows or suspects that the other person is engaged in or has benefited from criminal conduct, and such an act is liable on conviction to imprisonment for a term not less than 5 years or to a fine equivalent to 5 times the value of the proceeds of the criminal conduct or both such imprisonment and fine.

The Money Laundering (Prohibition) Act further makes it a crime to conspire, aid, abet, incite, procure, induce or counsel any other person to commit a Money Laundering offence, commits an offence and is liable on conviction to the same punishment as is prescribed for that offence under this Act.

If you would like to read more about the laws, you can review them here:

•Money Laundering (Prohibition) Act 2011
•Money Laundering (Prohibition) (Amendment) Act 2012

Nariluv:
See your life.

see kanu's life

when will Igbere TV show us pictures of his boss in Orji Uzor Kalu Kuje Prison

they where running their mouth on Tinubu's issue and that of Osinbajo unknown to them Kalu would witness 2023 in jail


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Tinubu hasnt even served at Federal Level before and doesnt own an oil well yet he spoilt nigeria



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bilms:
When reality finally down, the publicity won't matter again

you are right Oyo are very unforgiven just like kano.. second term is worked for

Magicians:
My brother no Yoruba governor as.ever taken foolishness to the height Makinde seem to want to take not even the ponmo governor. This clown as not done 1/10 of what Akala did talk less of Ajumobi n he do blow my ear drum for nothing.

ahh na wa oo, i pray he wakes up soon.. the noise is too damn much kilode

you call them smelling pussv and they go to cure it, yet you are still complaining


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Nigerians would still complain after a while... but this is great i hope this wont force banks to reduce ATM location to save cost incured on managing the machine

since the introduction of the 65 naira charges ATM centers have being increased astronomically with private business centers and shopping malls having functional ATM, i pray we dont go back to days of where out of 10 ATM machines on a block only 2 would dispense

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Xisnin:
You are free to complain.
You have real freedom of speech with no consequence.

The best way to tackle a government is look at their revenue and projects/expenses and ask
where the balance went. But we know you are a coward, you are not interested in any explanation.
You only want to rant on social media(you have a right to rant).

It is okay to do whatever you want but never pretend to care until you can bring out real figures to buttress your rants.

i think the foolish coward is he who sees white and call it black cos of political affiliation.. same sentiment that made you conclude that the tampolin on bikes snaped inside the state secetariat and commisioned by the state traffic agency boss has nothing to do with makinde..

Racoon:
[s][/s]

Late Awolowo, MKO Abiola, Brig.Adekunle Benjamin etc did much zombiesm but they paid dearly for it with their lives.

still doesnt change the fact that no ibo man dead or alive achieved half of what this great men achieved... Awolowo died at 78 in his home without scandal.. ojuckwu died at 78 with multiple scandal as a decommision coward general a man whose kids and wife went to court multiple times.. MKO became the richest man of his country and fought for his mandate till abacha died and he was poisoned by condoliza rice a us CIA operative... Benjamin black scorpion killed so many Biafran soldiers that they named him angel of death and he retired an happy man

so Mr Let Tinubu enjoy his life, atleast he never govern Ibo state so let him be

this man mumu no be small... cos tinubu isnt interfering with governance doesnt mean he is being toyed with by.. cabals Tinubu has plan A Plan B and Plan C... he already moved the APC national register to Lagos from Abuja

Before making foolish assumption Kperoogi should google how many states PDP inclussive that still uses Alpha Beta

the foolish kperoogi is not in even Nigeria but US and not a politician not to even talk of being an APC member yet he speaks on matters far above his intelligence

who are the so called Cabals? Isa funtua who was bankrupt before buhari came and his son inlaw used amcon to boost him, or maman daura who at almost 80 stays with his 70 year old uncle with his family after a failure of a career in journalism, or glorified secetary called Abba Kyari who is quite politically irrelevant and Buhari's name is his saving grace

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Nigerians would still complain after a while... but this is great i hope this wont force banks to reduce ATM location to save cost incured on managing the machine

since the introduction of the 65 naira charges ATM centers have being increased astronomically with private business centers and shopping malls having functional ATM, i pray we dont go back to days of where out of 10 ATM machines on a block only 2 would dispense

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Iamgrey5:
Really! where in Ibadan are you robbed?

from new gbagi to alakia airport people hardly sleep at night due to constant robery.. same as iwo road

deji68:
Well, i think he is trying his best, i was in Ibadan twice this year , not much in term of infrasructure and environmental sanitation. in term of waste management is still poor. Dumping waste on road meridian looks ugly and something should be done about it... but he has lot of good ideas and policies and his gov only 6 month old.

that was because he cancelled Ajimobi's waste management system that kept oyo clean for all this whle without a replacement even when oyo waste management agency dont even have trucks or civil servant capacity for such

Xisnin:
Being from Oyo state is irrelevant.
He was elected for 4 years.
After that period, you are allowed to choose someone else if you think he did nothing.

that is story for fools and dunce

i pay my tax on my business so i will complain if i dont get value for my money.. dunce can sing praises.. we the sensible would continue demanding standard form of governace and not spending hours everyday using because and NTA to advertise the governors street light and christmas light or singing and running jingle for paying salary

hate speech and criticism are quite different


hate speech is saying all muslims are terrorist or or ibo greedy speech that are unverifiable but are capable of causing rwanda kind of genocide

oluwa burna 2019 was his bitch

Tinubu roles with the grass root people.. the market people , drivers and butchers



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the guy sounds funny.. and they started the interveiw insulting Ajimobi as if they can do all he did in 8years

anyways the only sensible thing he said all through the useless interveiw was the creation of energy commision, and under taking oyo energy audit with a veiw to getting independent power station and off grid solar solution



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