News
No money laundering takes place without connivance of bank officials – EFCC
The Economic and Financial Crimes Commission, EFCC, has said some commercial bank officials are complicit in Nigeria’s money-related fraud.
Also, EFCC warned that commercial banks should stop shielding customers suspected of financial malpractices.
Michael Nzekwe, EFCC Zonal commander, disclosed this on Friday in Ilorin during a meeting with senior compliance staff from Kwara and Kogi states.
He noted that the officials hold sensitive positions and are critical to the fight against economic and financial crimes.
Nzekwe said the conversation was to educate banks on new trends in cybercrime and seek areas of further collaboration as stakeholders in the battle.
The Zonal Commander advised financial institutions to adhere strictly to bank rules and regulations and diligently discharge their duties.
“There is no major fraud, especially money laundering, that is ever committed without the connivance of bank officials,” he stated.
According to a report by the Commission, it made a total of 3785 convictions in 2022.
-
Sports5 days ago
FA Cup: Man Utd suffer fresh triple injury blow ahead Coventry clash
-
Business4 days ago
I met N13bn IGR per month but we are now seeing N27bn – Fubara
-
News5 days ago
Despite Apology, ABU Zaria Final-Year Law Student Arrested For Defaming Police Officer On Facebook
-
Politics4 days ago
SERAP To Govs, Wike: Account For Trillions Of FAAC Allocations
-
News3 days ago
Court orders Becky Buodeigha alias Becky Minaj, CEO of BM Secrets to pay Baraza N7m
-
Politics5 days ago
‘Ondo APC Guber Primary Result already written’ — Aspirant cries out, demands postponement
-
Business5 days ago
Invest in Bayelsa, Governor Diri tells Elders, leaders of the state
-
Politics2 days ago
EFCC: I am Ready to Appear in Court But Afraid of Arrest – Yahaya Bello