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A state bureau of investigation (SBI) is a state-level detective agency in the United States. They are plainclothes agencies that usually investigate criminal cases involving the state and/or multiple jurisdictions. They also typically provide technical support to local agencies in the form of laboratory and/or record services, or to directly ...
A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account. [1] Formally, the organisation that calls for the funds ("the payee") instructs their bank to collect (i.e., debit) an amount directly from another's ("the payer's") bank account designated by the payer and pay those funds into a bank account designated by the ...
In 1992, the requirement to file suspicious activity reports (as well as the accompanying implied gag order) in the United States was added by Section 1517(b) of the Annunzio-Wylie Anti-Money Laundering Act (part of the Housing and Community Development Act of 1992, Pub. L. 102–550, 106 Stat. 3762, 4060).
Remita is a financial services platform owned by SystemSpecs, a financial services company headquartered in Lagos, Nigeria. It has served as the gateway for the treasury single account of the Nigerian government since 2012. [1] [2]
According to the NFIU, this was implemented as a measure to curb financial abuses of government funds as state governments had withdrawn a total of N701 billion cash from 2015 till January 2023. [5] This was criticized by the Nigerian Governors Forum which stated that the NFIU advisory and guidelines on cash transactions were outside the agency ...
It is an open ended transaction with both parties maintaining the right of liquidation or a roll-over without prior notice within trading hours of the day. An OBB transaction is usually sealed between dealers of different banks and settlement is made at Central Bank where bills are transferred from the borrower's bills holding to the lenders ...
The SCIID carries out inquiries into diverse range of criminal offences in Nigeria. The police unit is authorized and empowered to carryout investigations, make arrest and prosecute criminals to the full extent of the Law of Nigeria. [4] [5] The unit serves to investigate and prosecute complex crimes in the country.
The Asset Management Corporation of Nigeria AMCON was established in 2009 by the National Assembly of Nigeria. [11] The institution acquires non-performing loans of commercial banks. The financing of AMCON is composed of a ₦50 billion CBN fund and 0.3% of total assets of participating commercial banks.