The Nigerian Financial Intelligence Unit (NFIU), with support from the British High Commission and the Convention for Business Integrity (CBi), has convened a high-level private sector engagement to advance a proposed Public-Private Partnership (PPP) for financial information sharing.
The meeting brought together regulators, banks, insurance companies, fintechs, Virtual Asset Service Providers (VASPs), technology firms and other key stakeholders. Discussions focused on practical ways to strengthen collaboration in the fight against money laundering, illicit financing and other illicit financial flows.
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Representing NFIU Chief Executive Officer Hajia Hafsat Abubakar Bakari, General Counsel Mr Felix Obiamalu urged participants to help shape the proposed Joint Financial Intelligence Collaboration (JFIC). The framework is designed to improve the exchange of financial intelligence between the public and private sectors.
A keynote presentation was delivered by Ms Xolisile Khanyile, former Chair of the Egmont Group. She emphasised the critical role of trust, shared ownership and sustained collaboration in building effective financial intelligence partnerships.
Participants expressed strong support for the initiative, reaffirming the need for collective action to protect the integrity of Nigeria’s financial system and strengthen the country’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework.
