November 16 2017
ABUJA- The Inter-Governmental Action Group against Money Laundering in West Africa, GIABA, on Thursday, said it was in support of bid by the Federal Government of Nigeria to freeze all bank accounts without a Bank Verification Number, BVN
GIABA which is a specialised institution of the Economic Community of West African States, ECOWAS, responsible for facilitating the adoption and implementation of Anti-Money Laundering, AML, and Counter Financing of Terrorism, CFT, in West Africa, however stressed that FG must go beyond its “recent strong measures” against account owners without Bank Identification Number.
