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.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Orisun Igbomina Tunji Arosanyin NIPOGA Bayo Ajia Issa Baba Suleiman Rotimi Iliasu Aminu Adisa Logun Seni Saraki Ibrahim Oloriegbe Ilorin Emirate Mohammed Jimoh Faworaja Ilorin East/South Federal Constituency Abdulkareem Alabi Habeeb Abdullahi Al-Ilory Tsado Manman Mufti Of Ilorin Trader Moni General Tunde Idiagbon International Airport Ilorin Muhammad Fawaz Abubakar Suraj Tunji Oyewale Abiodun Jacob Ajiboye Modupe Oluwole Lawal Arinola Kudirat Aso-ofi Oke-Ode Saad Omo\'ya Bashirat Bola Bello Segun Adeniyi Moshood Kashimawo Abiola Okin Biscuits Cassava Growers\' Association Abdulsalam A. Yusuf Erubu Olabode Towoju National Information Technology Development Agency Firdaos Amasa HICA ASMAU PLAZA Yoonus Kola Olatinwo Isau Femi Agbaje Abubakar Abdulraheem Kayode Zubair Akorede Kolade Solagberu Rotimi Oyedepo Abdulfatah Ahmed Sobi Kwara Primary Health Care Development Agency Kayode Ogunlowo Amos Bajeh Mahmud Ajeigbe Aliyu Muhammad Saifudeen Durbar Bilikisu Gambari Ajidagba Tinubu Christopher Odetunde General Hospital, Ilorin Tunde Kazeem Aisha Ahman-Pategi Halimat Yusuf N-Power Kwara Poly BECE Hydro-electric Power Producing Areas Development Commission Voices Of Tomorrow Ojuekun Sarumi Mohammed Katsina Ahmed Sadiq Buhari Oniwasi Agbaye Sarah Alade Yomi Ogunsola Sango-UITH Road Kwara 2023 Ayeyemi Sulaiman SSA Youth Engagement

