In view of the need to ensure compliance with regulations against money laundering and terrorists financing, the Federal Government will profile non-governmental organisations.
This was announced by the Director of the Nigerian Financial Intelligence Unit, NFIU, Francis Usani, on Wednesday.
He spoke at a workshop on money laundering by the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA) in Abuja.
According to him, the move would address the problem of some deficient non-governmental organisations.
“Recently, the budget office is doing something to address some deficient NGOs and also engaging the NFIU to profile some NGOs in the country.
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“This is going to be a continuous exercise to profile and see the NGOs that are actually committed to their main cause and those not committed to any cause; these will probably be delisted and maybe their registrations be removed.
“There has been this misunderstanding by some NGOs who had come out to oppose the regulations put in place by the government but these are for international best practices. We cannot just let NGOs run around the streets of Nigeria unmonitored or uncoordinated otherwise this will lead to serious problems,” he said.
He said that there was need for NGOs to be sensitized over their obligations, particularly about keeping record of their transactions among other things.
He said the steps were necessary “because they could ignorantly receive donor funds from people whose aims are basically to finance terrorism or maybe cause some kind of mayhem.”
