The Chairman of the Economic and Financial Crimes Commission (EFCC) Abdulrasheed Bawa has implored bank auditors to take issues of transparency in banking operations serious.
Bawa who now placed banks in Nigeria under surveillance, as he urge each banking industry to look into the sources of their customers income in order to reduce the high rate of money laundering in the country.
The anti-graft agency said this became imperative due to the involvement of some institutions’ management and staff in financial crimes.
He spoke at a meeting with the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN).
According to the EFCC boss, he said “From September 1, 2021, it will no longer be business as usual.
“The commission will hold banks liable where there are established cases of institutional complicity in fraud in the sector.
“Individuals and companies who illegally take fund out of Nigeria get assistance from banks.
“There are conspirators; engineers, professionals, accountants and financial institutions are helping them.”
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