The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr Ola Olukoyede has called on car dealers across the country to ensure that they register with the Special Control Unit against Money Laundering (SCUML), a department in the Commission that regulates and monitors the activities of Designated Non-Financial Businesses and Professions (DNBPs).
He made the call on Saturday, June 1, 2024 through the Acting Zonal Director, EFCC Kaduna Zonal Command, DCE Dr. Benedict Ubi, during a meeting/inauguration of newly elected executives by the Motor Dealers Association, Kaduna(MODAK) at Arewa House, Kaduna metropolis.
The Chairman noted that Section 17 of the Money Laundering (Prevention and Prohibition) Act, 2022 mandates car retail outlets and all DNFBPs to register with SCUML and explained that “SCUML’s registration can now be done online and electronic certificates bearing security features can now be issued and delivered to the entities using their verified addresses.”
He urged members of the association to be wary of individuals or body corporate buyers who would prefer to make cash payments for their purchases even when the amount involved is above the approved threshold.
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The newly elected Chairman of MODAK, Aminu Ibrahim Dankakalo thanked the EFCC for the enlightenment and sensitization and promised to ensure that every member of the association would follow SCUML’s stipulations.
