October 4, 2023

The Economic and Financial Crimes Commission (EFCC) has issued a new directive to bank workers in Nigeria.

The new EFCC chairman, Abdul-Rasheed Bawa ordered all bank employees to declare their assets. He disclosed this Tuesday, while speaking with journalists after a meeting with President Muhammadu Buhari.

Bawa also fixed June 1st, 2021 as the deadline date for all Nigerian bankers to made their assets Public to the commission.

Speaking while briefing Journalists, he revealed that the fresh directive is aimed at checking the role of banks in keeping funds acquired illegitimately and eradicate financial crimes in the country.

In his word; ”Let me just put this, we understood that at the tail end of every financial crime is for the criminal to have access to the funds that he or she has illegitimately gotten and we’re worried about the roles of financial institutions,” he said.

And we have discussed, but we hope that all financial institutions, particularly the bankers, will declare their assets as provided for by the law, in accordance with the Bank Employees Declaration of Assets Act.

“And that the EFCC, come the 1st of June 2021, will be demanding for these asset declaration forms, filled by the bankers so that the line that we have drawn from the 1st of June is really complied with by bankers in particular.”

The EFCC boss lamented that the agency has arrested about 300 cyber criminals across the country between February and March.

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