Everything appears ready for the adoption of the Nigerian Financial Intelligence Unit (NFIU) Bill by both Chambers of the National Assembly. 

This is the indication given on Sunday by the Senate President, Dr. Bukola Saraki,

On a post on his Facebook page, the Senate President said the bill was part of the discussions of a meeting between him and the Speaker of the House of Representative, Mr Yakubu Dogara. 

Others at the meeting were the Chairman of the Senate Committee on Anti-Corruption & Financial Crimes, Senator Chukwuka Utazi; and the House of Representatives Chairman on Financial Crimes, Mr Kayode Oladele.

He says the Conference Committee meeting for the Nigerian Financial Intelligence Unit (NFIU) Bill will hold on Monday.

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After the meeting, the report of the committee would be presented in both Chambers on Tuesday.

"Following my meeting on Thursday with the Speaker, Rt. Hon. Yakubu Dogara; the Chairman of the Senate Committee on Anti-Corruption & Financial Crimes, Senator Chukwuka Utazi; and the House of Representatives Chairman on Financial Crimes, Hon. Kayode Oladele -- the Conference Committee meeting for the Nigerian Financial Intelligence Unit (NFIU) Bill will hold tomorrow and its Report will be presented in both Chambers on Tuesday.

"I am confident that we will pass the NFIU Bill this week," he wrote.

The NFIU is the central body in Nigeria responsible for receiving, requesting, analysing and disseminating financial intelligence reports and other information to law enforcement, security and intelligence agencies and other relevant authorities and for related matters.

The integral role of the bill expected to be passed this week is to establish the Nigerian Financial Intelligence Agency.

The bill will also create the legal, institutional and regulatory framework to ensure transparency, effective and efficient management, administration and operation of the Nigerian Financial Intelligence Agency and institutionalise best practices in financial intelligence management in Nigeria

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It will also strengthen the existing system for combating money laundering and associated predicate offences, financing of terrorism and proliferation of weapons of mass destruction and make provision for the Agency to exchange information with Financial Intelligence Institutions or similar bodies in other countries in matters relating to money laundering, terrorist financing activities and other predicate offences.

The bill will make the Agency an autonomous body. 

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