NFIU receives report on N150trn 'suspicious' transactions in three months
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Nigeria, Dec. 1 -- About N150 trillion worth of transactions were reported as "suspicious" in the first three months of the year by the Nigeria Financial Intelligence Unit (NFIU).
In the report titled 'Suspicious Transaction Report/Currency Transaction Reports (STR-CTRs)', the financial intelligence agency stated that it recorded more suspicious transactions in the first quarter of 2022 than in the first three months of last year.
The N150 trillion recorded in the first quarter of 2022 is an increase of about 22.91 per cent from the N108.5 trillion suspicious transactions recorded in the same period in 20221, according to the NFIU.
"All Agency Businesses had an increase in CTR reported to the NFIU in Q1 2022 compared to Q1 2021 with th...
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