Nigeria’s push to return to the Egmont Group continued as the Presidential Ad-hoc Committee on Financial Intelligence submitted its report to the Vice President, Yemi Osinbajo. The ad-hoc committee was set up by Professor Osinbajo to re-position the Nigerian Financial Intelligence Unit and restore membership of the Egmont Group.
The move followed the suspension of Nigeria from Egmont Group in July 2017. Egmont Group is informal network of 156 financial intelligence units that collects information on suspicious financial transactions across the world.
“The committee worked to ensure that everything that led to our suspension from the Egmont Group is in that report,” the Chairman of the ad-hoc committee, Senator Chukwuka Utazi said.
Senator Utazi stated that Nigeria would be out of the situation by the time the Presidency considered the report.
He did not mention any information contained in the report but insisted that Professor Osinbajo would “discuss it with the president before any comment on it.’’
Senator Utazi stressed that the international community was following the progress that Nigeria has made to get back into the Egmont Group.
He expressed hope that the suspension would be lifted soon.
