OPEN EPISTLE TO NBA PRESIDENT, Y. C. MAIKYAU, SAN: A CALL ON NBA TO REVISIT THE 2015 COURT OF APPEAL JUDGEMENT ON SCUML REGISTRATION

The President Nigerian Bar Association Abuja. Dear President, OPEN EPISTLE TO NBA PRESIDENT, Y. C. MAIKYAU, SAN: A CALL ON NBA TO REVISIT THE 2015 COURT OF APPEAL JUDGEMENT ON SCUML REGISTRATION My learned silk, a very warmest compliment of the season sir. Most humbly sir, it is no longer news that the new law, MONEY LAUNDERING (PREVENTION AND PROHIBITION) ACT, 2022, has listed law firms as one of the non-financial institutions that must register with Special Control Unit against Money Laundering. With respect sir, as you are already aware, the argument on whether or not a law firm requires SCUML certificate was settled in 2015 when the Court of Appeal ruled that "law firms are excluded from providing SCUML certificate in the course of their operations in order to comply with the rule of confidentiality for legal practitioners". (See Registered Trustees of Nigerian Bar Association V. AGF & CBN (Suit No: FHC/BS/173/2014) and; CBN V. NBA & AGF (Appeal ...