Compliance · Nigeria
Register with SCUML (EFCC) — DNFI AML
Anti-money-laundering registration for Designated Non-Financial Institutions with SCUML (EFCC): confirm DNFI status → register online → verification & certificate. Required to keep a corporate bank account.
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Who you will deal with
The steps
- Confirm DNFI status
- SCUML / EFCC
- Confirm the business is a Designated Non-Financial Institution/Profession under the Money Laundering Act s.25 (e.g. real estate, jewellers, car/luxury dealers, accountants, hotels, casinos, supermarkets, NGOs).
- Business classification
- Assessment
- Register online
- SCUML
- Register on the SCUML portal, complete the form with accurate information and upload the required documents.
- Company documents; CAC certificate
- Online registration
- Verification and certificate
- SCUML / EFCC
- Present the original Certificate of Incorporation for scrutiny; SCUML issues the certificate (~21 working days). Required to operate legally and to keep a bank account.
- Original CIC for scrutiny
- ~21 working days
The numbers behind the decision
Knowing the process is half of it. ONYX also tracks the operating environment you are entering — daily grid generation, official FX, state-level input prices and inflation, and sector output — each figure source-linked and dated.