There's Deep-rooted Corruption Among Nigerian Bankers, EFCC Boss Says

There's Deep-rooted Corruption Among Nigerian Bankers, EFCC Boss Says

  • Bankers across Nigeria have been issued a warning by the Economic and Financial Crimes Commission
  • The EFCC warned bankers against engaging in illicit financial activities that found hamper the efforts made to improve the banking industry
  • According to the commission, most bankers in Nigeria are corrupt and would be made to face justice soon

The chairman of the Economic and Financial Crimes Commission (EFCC), AbdulRasheed Bawa, on Monday, October 11, decried the level of corruption existing among Nigerian bankers.

Bawa while speaking at a three-day capacity building workshop for law enforcement agencies in Abeokuta, Ogun state capital city said bank officials in the country engage in different shades of fraudulent activities.

EFCC Chairman Bawa
The chairman of the EFCC said corruption is deep-rooted among bankers in Nigeria. Photo: EFCC
Source: Facebook

Corruption among bankers in the industry

At the workshop organised by the Nigeria Deposit Insurance Corporation (NDIC), Bawa said the banking industry is riddled with many corrupt individuals.

Read also

Asset Declaration: We are not witch-hunting bankers, EFCC chairman, Bawa says

PAY ATTENTION: Subscribe to Digital Talk newsletter to receive must-know business stories and succeed BIG!

Represented by the Lagos zonal commandant for EFCC, Ahmed Ghali, the commission's chairman said there is an ongoing intensified engagement with bank executives to nip the challenge in the bud.

He also said that Nigeria as a nation cannot afford to experience another crisis in the banking industry following the activities of these corrupt officials.

Why bankers must declare their assets

Further speaking Bawa said it is important for bankers in various institutions to declare their assets to help the commission sanitise the sector.

Bawa said a directive had been given to bankers to declare their assets before June 1, 2021, without even having an idea of the level of corruption in the sector.

He said:

“I had given the directive genuinely out of the sincerity of purpose, knowing the rot that permeates the nation’s banking sector."

Read also

Prominent Islamic group reacts to brutal flogging of students in Kwara

“In other words, the directive was borne out of efforts to sanitize the banking sector. But it was received with mixed feelings."

Also noting that such declaration is not a witch-hunt but a directive in line with the Bank Employees Declaration of Assets Act.

Meanwhile, Legit.ng previously reported that the EFCC a director-general of the Kaduna state Urban Planning Development Agency, Ismail Dikko, has been arrested.

The EFCC said Dikko was arrested over some regulatory issues affecting his office.

He was arrested and whisked away Dikko in a black Hilux Toyota vehicle to the Kaduna zonal office of the commission.

Also, the son of Abdulrasheed Maina, a former chairman of the defunct Pension Reform Taskforce was sentenced to 14-years in prison.

Faisal was sentenced to prison by a Federal High Court sitting in Abuja and presided over by Justice Okon Abang.

Read also

Pandora Papers: Calls for the sack of NPA boss politically motivated, says Northern Group

He was accused by the EFCC of a three-count charge bordering on money laundering.

In other news, the EFCC issued a warning to corrupt pension officers across Nigeria.

The commission said that all pension thieves involved in one corrupt activity or the other would be made to face justice in due time.

According to the commission, the EFCC will continue to work with relevant partners and agencies to ensure a robust pension system for the country.

Source: Legit.ng

Tags:
Online view pixel