Month: May 2022
According to Section 30 (Interpretative Section) of the Money Laundering (Prevention and Prohibition) Act, 2022, non-profit organizations (NPOs) in Nigeria are no longer listed among Designated Non-financial Institutions (DNFIs). The delisting of Nigerian NPOs from the DNFI category came into effect last week following the amendment of the Money Laundering (Prevention and Prohibition) Act 202 […]
Since 2013, non-profit organizations (NPOs) operating in Nigeria have been designated as obliged reporting entities under various national anti-money laundering and countering financing of terrorism (AML/CFT) programs and regimes. SPACES FOR CHANGE has led advocacy pushing back on governmental restrictions on civil society either framed around countering terrorism and protecting national security or resulting from the perception of […]