Banks Submit 92% of NFIU Suspicious Reports in 2025

The Nigerian Financial Intelligence Unit (NFIU) disclosed that in 2025, banks, fintech companies, and other reporting entities submitted a total of 42,082 Suspicious Transaction Reports (STRs). The NFIU's 2025 Annual Report indicated that Deposit Money Banks were responsible for 38,715 of these reports, representing approximately 92% of the total.

Additionally, the NFIU received 41,716,214 Currency Transaction Reports (CTRs) and 10,513 Suspicious Activity Reports (SARs) during the year. The NFIU collaborates with various regulatory bodies, including the Central Bank of Nigeria and the National Insurance Commission, to ensure compliance with anti-money laundering and counter-terrorism financing regulations.

The report also noted a steady increase in STR filings by banks throughout the year, with quarterly reports rising from 9,134 in Q1 to 10,032 in Q4. The NFIU emphasized the importance of reporting transactions exceeding N5 million for individuals and N10 million for legal entities within seven days, as mandated by the Money Laundering (Prevention and Prohibition) Act.