Nigeria NFIU convenes stakeholders to build financial intelligence sharing framework

Nigeria's Financial Intelligence Unit (NFIU) is coordinating a multi-sector working group—including banks, insurers, fintechs, VASPs, and tech firms—to establish a Joint Financial Intelligence Collaboration (JFIC) framework. The initiative aims to formalize information-sharing to combat financial crime, though details on scope and enforcement remain unspecified. This signals a regulatory push to close intelligence gaps in Nigeria's financial system.