SCUML Seals Two Companies Over Breach of Money Laundering Act

The Special Control Unit Against Money Laundering (SCUML) have sealed the premises of two Designated Non-Financial Businesses and Professions, DNFIBPs, Iman Multi Structures Ltd and Daraja Motors. The companies were shut by SCUML for non -compliance with the provisions of the Money Laundering (Preve...

The Special Control Unit Against Money Laundering (SCUML) have sealed the premises of two Designated Non-Financial Businesses and Professions, DNFIBPs, Iman Multi Structures Ltd and Daraja Motors.

The companies were shut by SCUML for non -compliance with the provisions of the Money Laundering (Prevention and Prohibition) Act 2022 and EFCC AML/CFT/CPF regulations 2024.

According to a statement via the X handle of the Economic and Financial Crimes Commission (EFCC), both DNFBPs were initially sanctioned and fined on June 18, 2025 and August 13, 2025 respectively for non-compliance with regulations but failed to make payment to the government.

The statement reads: “The Special Control Unit Against Money Laundering, SCUML, on Monday, September, 29 2025 sealed the premises of two Designated Non-Financial Businesses and Professions, DNFIBPs, Iman Multi Structures Ltd and Daraja Motors for non -compliance with the provisions of the Money Laundering (Prevention and Prohibition) Act 2022 and EFCC AML/CFT/CPF regulations 2024.

“Both DNFBPs were initially sanctioned and fined on June 18, 2025 and August 13, 2025 respectively for non-compliance with regulations but failed to make payment to the government.

“Investigations by SCUML Zonal Co’ordinator, Assistant Commander of the EFCC, ACE Ahmadu Bello showed that the ultimatum to pay the fine offered the two organisations expired over a month ago.

“The premises will remain sealed until compliance with extant regulations is made.”