The Inter- Governmental Action against Money Laundering in West Africa has pledged support for efforts by the EFCC and the Nigerian Government to ensure the lifting of the suspension of the Nigerain Finacial Intelligence Unit from the Egmont Group in the shortest time possible. The Director General of GIABA, Adama Coulibaly, made the pledge when he lead a delegation on a courtesy visit to the acting chairman of the EFCC, Ibrahim Magu, at the Commission’s headquarters in Abuja. While commending the EFCC for championing the anti-corruption crusade in Nigeria, Coulibaly said that the agency’s achievements were not only for the country, but for the African continent.
Central Banks Now Hold More Gold Than U.S. Treasuries
Key Takeaways For the first time since 1996, foreign central banks’ gold reserves have overtaken their U.S. Treasury holdings. Persistent gold buying and rising U.S. debt risks are reshaping reserve composition toward hard assets. Central banks have crossed a symbolic line: their combined gold reserves now exceed their U.S. Treasury holdings for the first time…
October 8, 2025 • Opinion
