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Posted By Admin On September 10th, 2024

The Economic and Financial Crimes Commission, EFCC has revealed that bank executives are complicit in aiding money laundering in the country.

The Chairman of the EFCC, Ola Olukoyede while speaking at the 17th annual conference of the Chartered Institute Bankers of Nigeria, said the Commission will soon start prosecution of bank executives involved in corruption.

According to him, findings revealed complicity in money laundering, illegal forex sales and trading among bank officials.

The EFCC boss said major financial fraud were conducted through the nation’s banking system.

He urged the CIBN to step up its regulatory functions to guard against fraud.

The Commission had recently asked the National Assembly to enact a law which supports the whistle-blower policy of the government.

Source: https://dailypost.ng/2024/09/10/money-laundering-prosecution-of-bank-executives-to-commence-soon-efcc/