The Nigerian Financial Intelligence Agency Bill has scaled through second reading in the Senate.

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The bill was referred to the Committee on Anti-Corruption, which is chaired by Senator Chukwuka Utazi .

 The committee has been asked to present its report to the plenary on Wednesday the July 26th.

Recall that on Wednesday, July 19 the Senate resolved to pass a law to establish a substantive and autonomous Nigeria Financial Intelligence Unit (NFIU), following the suspension of Nigeria from the EGMONT Group.

Nigeria was suspended from this group for not having an independent Financial Intelligence Unit. Since then, the Senate has worked to fast-track the bill to ensure that the country is readmitted into the group.

Reports by Onuora Aninwabodo