EFCC indicts banks in Kwara over theft, money laundering
The Zonal Commander of the Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, Mr Michael Nzekwe, has indicted banks in Kwara state over bank thefts and money laundering, saying, “there is no major fraud especially money laundering that is ever committed without the connivance of bank officials.”
Nzekwe said this during an interactive session with compliance officers of banks at the commission’s office in Ilorin.
The meeting, which had in attendance participants from Kwara and Kogi states, was aimed at building stronger relationship between complaints officers in banks and the commission in the fight against corruption.
He identified the role of banks compliance officers as key to the fight against economic and financial crimes, while urging them to be diligent and avoid being complicit in fraudulent financial practices in the banking sector.
He charged the bankers to adhere strictly to bank rules, regulations and be diligent in the discharge of their duties.
On the issue of Know Your Customer, KYC, and Know Your Customer’s Business, KYCB, the Zonal Commander tasked the bankers to take the two requirements seriously as it would help to keep fraudulent customers on the radar.
“We advise that as bankers, you carry out due diligence and Know Your Customers, KYC. By doing this, you save yourselves from trouble and make our job easier,” he said.
The zonal commander also reiterated the need for bankers and EFCC operatives to be on the same page as new trends in cybercrimes continue to unfold.
He charged the bankers to share necessary information and report suspicious transactions to the commission.
He appreciated their presence at the meeting and expressed hope that the engagement would birth a more cordial working relationship between the banks and the EFCC.
Participants stressed the need for regular meetings in order to build a stronger tie between the banks and the EFCC that would engender compliance culture in the Nigerian financial sector.
According to them, the spate of fraud perpetrated through financial institutions ranging from cybercrimes, money laundering and other financial crimes has led to an unprecedented focus on the depth and effectiveness of compliance and regulation.
The participants assured that they would offer the commission the necessary information that could assist its fight against economic and financial crimes, especially illicit transactions in the banking sector.
Click on a word/phrase to read more about it.
Ella Supreme Tissue Paper Shehu Alimi Foundation Zubair Folorunsho Erubu Ilorin Amusement Park Dairo Kunle Paul Ilorin West/Asa Federal Constituency Okasanmi Ajayi Toyin Sanusi Dapo Teni Nig Enterprise Usman Alkali Baba Mary Arinde Students Union Government Ilorin East Abubakar Suleiman Mufti Of Ilorin Maigida Soludero Transit Kulende-UITH Sherif Shagaya Ganmo Government High School Adeta Amoyo Shuaib Abdulkadir Maryam Ado Bayero Malete Salami Adekunle Lawyers Unite Against Corruption Clara Nwachukwu Ambassador Kayode Laro Hassanat Bello Ilesha-Baruba Ilorin West Oke-Oyi Young Progressives Party Olabimpe Olani Abdulraufu Mustapha Abiodun Jacob Ajiboye Ilorin Emirate Staff Association Abdulmajeed Abdullahi Ilorin Anchor Men And Women Shehu Jimoh Lanre Olosunde Ishola Abdullahi Muhammad Sirajo Aliyu John Olobayo Iyabo Adewuyi Olatunji Ibrahim Baruten Iyeru Grammar School Smart School Iliasu Ridwan Agboola Muftau Akanbi Oke Kwara Basketball Association Abdulquawiy Olododo Jimoh Akani First Lady Taofik Abdulkareem Babaita George Innih Bisi Kristien Monsurat Omotosho Apata Ajele Secondary School Waheed Ibrahim Ramadhan Ahmed Alhasssan Rashidi Yekini Ahmad Ali Sidikat Alaya Kunle Okeowo Tanke SWAN Emir Of Shonga Yusuf Amuda Abubakar KWASSIP Toun Okewale-Sonaiya Igbaja Shuaib Olarongbe Lawal Jimoh