The Economic and Financial Crimes Commission (EFCC), through its Special Control Unit Against Money Laundering (SCUML) in Kaduna, has sealed Hampton Hilton Hotel and Apartments for violating the Money Laundering (Prevention and Prohibition) Act, 2022.
According to SCUML, the hotel breached both the Act and the Financial Action Task Force (FATF) Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) regulations for Designated Non-Financial Businesses and Professions (DNFBPs).
An initial compliance evaluation on June 4, 2024, uncovered multiple infractions, leading to administrative sanctions. However, a subsequent assessment on June 13, 2025, revealed additional violations. The hotel was fined N2.3 million, payable within seven days, with a directive to rectify all non-compliance issues.
Despite these warnings, the hotel failed to pay the fine and ignored SCUML’s summons for further evaluation, prompting authorities to seal the premises.
SCUML reaffirmed its commitment to enforcing full compliance with the Money Laundering Act and AML/CFT regulations among DNFBPs nationwide.
Discover more from Ayobami Blog
Subscribe to get the latest posts sent to your email.
