FAFT-R8 REGIONAL WORKSHOP REPORT

The Nigeria Network of Non- Governmental Organizations (NNNGO) in collaboration with the Special Control Unit Against Money Laundering (SCUML) organised two regional workshops themed, Effective Implementation AML/CFT Requirements in the NPO Sector in Nigeria.

 

The first of the workshops was held in Lagos; Vantage Hub: Mosesola House on 19th February 2018 and gathered 67 participants from across the southern region. The second workshop, organised at Den is Hotel, Abuja on 26th February, 2018 was attended by 68 participants from the northern region.

 

In attendance were the Directors of NFIU, Mr Francis Usani and SCUML, Mr Bamanga Bello, as well as officials from the Economic and Financial Crimes Commission (EFCC), SCUML, the Nigerian Financial Intelligence Unit (NFIU) and various Civil Society Organizations (CSOs).

INSIGHTS FROM THE CIVIL SOCIETY SECTOR ON THE PART C OF CAMA

INSIGHTS FROM THE CIVIL SOCIETY SECTOR

 

On the Part C of the Companies and Allied Matters Act (CAMA)

 

Three years ago, the Nigeria Network of NGOs (NNNGO) started a remarkable journey of protecting and improving the regulatory environment for the work of nonprofits across the nation.

 

As we initiated this process, we sought to engage with regulators in an effective manner within a culture of mutual trust. We sought to explore through this relationship how best we can work with regulators to improve our field of play. Through this exploration, we developed an epoch making robust partnership with the Corporate Affairs Commission (CAC) in a way that history was made and cannot be ignored when it comes to civil society-government relationship.

 

Armed with successes of our joint venture with CAC in convening a sector wide conference in 2016 and the resolve of attendees calling for the review of the Part C of CAMA including CAC’s invitation for feedback and input from the nonprofit community, we were keen to hear firsthand from organisations about the challenges they face with regards to regulations by the Commission. Thus the online and offline consultations were conceived to capture insights that can inform the review of the Part C of CAMA as the nonprofit sector advances.

 

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REPORT OF 2018 SECTORWIDE CONFERENCE ON FATF-R8

On March 28, 2018, over 200 participants from across the country attended the sector-wide conference themed Implementation of AML/CFT Standards for the Non-Profit Organisations, (NPOs) Sector in Nigeria. Organised by the Nigeria Network of NGOs, in collaboration with Special Control Unit on Money Laundering, the conference focused on the need for a reform of the legal framework on AML/CFT measures, strengthening of the criminal justice system and inter-agency cooperation, funding and capacity strengthening of regulatory agencies in ways that ensures ease of regulatory compliance by all sectors.

 

At the end of the conference, participants affirmed their commitment towards working to address critical issues faced by NPOs in relation to compliance with the law and called on SCUML to continue its good work of engaging and partnering with stakeholders in implementing a robust AML/CFT for the country

The Nigeria Network of NGOs (NNNGO) is the first generic membership body for civil society organisations in Nigeria that facilitates effective advocacy on issues of poverty and other developmental issues. 

Do you have questions? Call or visit us.

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nnngo@nnngo.org 

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