The Federal Government has introduced stricter regulations in the operation of casinos in Nigeria, as part of its fresh move against money laundering.
This is just as a new law recently passed by the National Assembly prohibits ownership and operation of shell accounts in the country.
The President had on Thursday assented to the Money Laundering (Prevention and Prohibition) Bill, 2022, the Terrorism (Prevention and Prohibition) Bill, 2022, and the Proceeds of Crime (Recovery and Management) Bill, 2022.
Section 5 of the Act sets conditions for casino operators and gamers.