Nigerian Financial Intelligence Unit (NFIU)

The Nigerian Financial Intelligence Unit (NFIU) is a government organization that monitors financial transactions to prevent and detect money laundering, terrorism financing, and other financial crimes. It collects and analyzes suspicious activity reports from banks and financial institutions, then shares relevant information with law enforcement agencies. The NFIU plays a crucial role in maintaining Nigeria’s financial integrity and complying with international standards by promoting transparency, reducing financial crime risks, and ensuring the financial system isn’t used for illegal activities.