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NEWS: Nigeria extends deadline on AML initiative to hand in old banknotes amidst anger over cash shortages

NIGERIA BANK NOTE: The two African powerhouses of South Africa and Nigeria placed on FATF's watchlist today.

NIGERIA has again extended a deadline to turn in old banknotes by another 60 days after cash shortages stoked anger ahead of national elections next week. President Muhammadu Buhari on Thursday gave approval to the central bank to extend the deadline. The move also comes just a week ahead of the FATF Plenary meeting. Nigeria’s…

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