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Financial Sector Regulators Collaborate on VASPs and AML/CFT

 

At a recent meeting held in Abuja, financial sector regulators, under the aegis of the Financial Services Regulation Coordinating Committee (FSRCC), deliberated on a range of issues, including the regulation of Virtual Assets Service Providers (VASPs) and strengthening the fight against money laundering and terrorism financing (ML/TF).

Financial Sector Regulators Collaborate on VASPs and AML/CFT

L-R : Mr. Lamido Yuguda, Director General, Securities & Exchange Commission; Dr. Rabiu Olowo, Executive Secretary/CEO, Financial Reporting Council of Nigeria; Hussaini Ishak Magaji, Registrar General, Corporate Affairs Commission; Mr. Olayemi Cardoso, Governor, Central Bank of Nigeria; Mr. Bello Hassan, Managing Director/CEO Nigeria Deposit Insurance Corporation; Dr. Faruk Aminu, Executive Commissioner, National Pension Commission; and Mr. Olorundare Thomas, Commissioner for Insurance, National Insurance Commission.

 

Facts : 1/16/2006
The Cowry:The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.
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