In its bid to contain money laundering activities in the country, the Economic and Financial Crimes Commission has listed requirements for the registration of law firms, non-designated financial institutions and other business organisations.
Others are hotel and hospitality business, casinos, pool betting, lottery business and Non-governmental Organisations .registration to include certificate of incorporation, memorandum and articles of association, and tax identification number.“Any company that has the following business objective in their MEMAT should ensure that the necessary approvals/authorisation/licences are attached to their applications”, it said.
“That is their work. The department is called Special Control Unit against Money Laundering. They register non-designated business organisations, law firms, accounting firms, NGOs, etc.Meanwhile, the EFCC said yesterday it had closed its case against the Deputy Speaker of Benue State House of Assembly, Christopher Adaji and the Clerk of the House, Torese Agena, before Justice S. O. Itodo of the Benue State High Court, Makurdi.
At yesterday’s sitting, prosecution counsel, George Chia-Yakua, closed its case against the defendants after the testimony of the third prosecution witness , Gideon Kure, an EFCC staff, who told the court that the commission got incriminating evidence against the defendants from different organisations, from which it tendered 23 exhibits that were admitted in evidence by court.
NigBarAssoc EFCC has no business registering Law Firms. Shut that thing down. Its an aberration & an insult to the profession.
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