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What is NFIU?

NFIU stands for the Nigerian Financial Intelligence Unit. It is Nigeria’s central agency responsible for:
  • Receiving and analyzing suspicious transaction reports from financial institutions
  • Producing financial intelligence to combat money laundering and terrorism financing
  • Supporting Nigeria’s anti-money laundering and counter-terrorism financing framework
The NFIU is a member of the Egmont Group, an international organization that facilitates global financial intelligence exchange.

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Types of NFIU Reports

Required for large cash transactions that exceed regulatory thresholds.
  • Minimum amount: ₦5,000,000 for single transactions
  • Includes cash deposits and withdrawals
  • Requires complete customer and transaction details
Used for cross-border transactions and foreign exchange activities. - International wire transfers - Foreign currency exchanges - Cross-border payment processing
For transactions that appear suspicious based on patterns or risk factors. - Unusual transaction patterns - Transactions inconsistent with customer profile
  • Potential money laundering indicators
Comprehensive reports for suspicious activities that may not involve specific transactions.
  • Account opening irregularities
  • Customer behavior concerns
  • Documentation discrepancies

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How to Generate NFIU Reports

You can generate NFIU reports using either:
  • Manual Transaction Reports (CTR, FTR, STR) - Upload CSV files or select transactions from Transaction Monitoring
  • Suspicious Activity Reports (SAR) - Report suspicious activities with detailed party information
Both methods are accessed through Reporting → All Reports → Create New Rule → NFIU Report
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