Money laundering is the act of concealing the true origin and purpose of illegally acquired money. It is punishable in Nigeria with a jail term of between 7 and 14 years.
For purposes of Nigeria’s anti-money laundering laws (“AML”), a non-financial institution...
On February 21, 2017, the Presidential Enabling Business Environment Council approved a 60-day National Action Plan on the ease of doing business in Nigeria (the “Plan”). Almost midway into the life of the Plan, we provide you with a summary of the Plan...