The Economic and Financial Crimes Commission (EFCC) announced the implication of some commercial bank officials in money-related fraud in Nigeria. The EFCC also warned commercial banks to stop protecting customers suspected of financial crimes.
EFCC Zonal Commander Michael Nzekwe announced this in Ilorin on Friday during a meeting with senior compliance officials from Kwara and Kogi states. According to him, officers are in a sensitive position and are crucial in combating economic and financial crime.
Mr. Nzekwe said the talks are aimed at educating banks on emerging trends in cybercrime and looking for areas where more stakeholder cooperation is needed in this battle.
The Regional Commander recommended that financial institutions strictly abide by banking rules and regulations and diligently perform their duties. He stated,
“No major fraud, especially money laundering, is ever committed without the connivance of bank officials.”
According to a report published by the Commission, the total number of convictions made in 2022 was 3785.
cc: Daily Post Ng