The Nigerian Financial Intelligence Unit (NFIU) has announced plans to introduce a new framework aimed at improving the sharing of financial intelligence among relevant agencies and stakeholders involved in combating financial crimes.

The initiative is designed to enhance collaboration, strengthen information exchange and improve the detection of suspicious financial activities across the country.

According to the NFIU, the framework will support more effective coordination among financial institutions, law enforcement agencies, regulatory bodies and other entities responsible for tackling money laundering, terrorism financing and related offences.

Officials said improved intelligence sharing is expected to accelerate investigations, strengthen risk assessment processes and help authorities respond more quickly to emerging financial threats.

The agency noted that financial crimes are becoming increasingly sophisticated, making stronger cooperation and timely information exchange essential for effective prevention and enforcement efforts.

The proposed framework is also expected to promote compliance with international best practices and reinforce Nigeria’s anti-money laundering and counter-terrorism financing systems.

The NFIU expressed confidence that the initiative will improve the quality of financial intelligence available to relevant agencies and enhance the country’s ability to identify, investigate and disrupt illicit financial networks.

The agency reaffirmed its commitment to working with stakeholders to strengthen transparency, accountability and the integrity of Nigeria’s financial system.