NFIU Reporting
Market regime · Nigerian Financial Intelligence Unit reporting obligations
NFIU
Nigeria
NFIU Act 2018; reporting duties under the MLPPA 2022
Nigerian Financial Intelligence Unit (Egmont Group member)
Reporting entities under Nigeria's AML/CFT regime
Curated, versioned & cross-mapped
The obligation, plainly.
The NFIU is where Nigerian AML reporting lands: suspicious transaction reports, currency and threshold reports, filed through its systems on statutory timelines, with tipping-off strictly prohibited.
Operationally it is a discipline of deadlines and evidence: every report traceable from the triggering alert to the filed submission, so that when the examiner samples a case, the whole chain is there.
Where programmes are tested.
Suspicious transaction reports
Alerts assessed and STRs filed within the statutory window, with the reasoning recorded.
Threshold reporting
Currency and threshold reports captured and filed on schedule.
Confidentiality
Tipping-off prevented by design: access to reports controlled and logged.
Curated once, evidenced continuously.
- NFIU obligations are curated with the CBN AML set; reporting deadlines run on tracked clocks and every filing decision carries its evidence.
- Requirements resolve to shared controls: implement a control once and it counts toward every framework it maps to.
- Status is evidence-gated: a requirement can't be marked implemented without valid, in-date evidence behind it.
- Every attestation carries maker/checker, and every action lands in an append-only audit trail.
NFIU Reporting, asked plainly.
The questions compliance teams actually ask before an adoption decision or an audit.
What must be reported to the NFIU?
Suspicious transaction reports, currency and threshold transaction reports, and reports on large international transfers, filed electronically through the NFIU's systems. The obligations sit on financial institutions and, through SCUML, on designated non-financial businesses.
What are the reporting deadlines?
Suspicion must be reported promptly, within days of detection under the statute, and threshold reports follow their own statutory windows. The operational discipline is the same either way: a tracked clock from alert to filed report, with the reasoning recorded.
What are the currency transaction thresholds?
Cash transactions above ₦5 million for individuals and ₦10 million for corporate bodies trigger threshold reporting. The limits also interact with the MLPPA's restrictions on large cash payments made outside financial institutions.
What is tipping off?
Disclosing to a customer, or anyone else, that a report has been filed or an investigation is underway. It is an offence, which is why access to reports and case files must be restricted and logged, not just policied.
Where it connects.
The full catalogCompliance you can prove.
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