News

EFCC Chairman Urges Bank Chiefs: Play By The Rules To Combat Graft

Eko Hot Blog reports that the Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has pleaded with bank chief executive officers (CEOs) in Nigeria to adhere to extant rules and regulations guiding banking operations to curtail economic and financial crimes.

EDITOR’S PICKS

Receiving executives of the Chartered Institute of Bankers of Nigeria (CIBN) at the EFCC headquarters in Abuja, Olukoyede frowned at unethical practices in the banking sector, saying ethical reorientation of bank workers is key to sanitizing the sector.

“I think the essential thing is for you all to play by the rules. Banking fraud affects the economy considerably. We are ready to work with any bank executive that plays by the rules because that is the only way of growing the economy,” Olukoyede stated.

He assured bank CEOs that the EFCC would work together with them to encourage mutual trust and help banks and businesses grow the economy.

CIBN Managing Director Lamin Madang commended Olukoyede’s efforts in rebranding the EFCC’s image and its proactive stakeholder engagement.

He noted the EFCC’s commitment to international conventions and its record convictions in 2022 and 2023.

However, Madang called on the EFCC to review some policies like Post No Debit on suspicious accounts.

FURTHER READING

Olukoyede explained the EFCC operates within the law. “We are committed to a mutually beneficial relationship with you all. All our efforts are geared towards growing the economy,” he responded.

Click to watch our video of the week

EZEKIEL Tijani

Share
Published by
EZEKIEL Tijani

Recent Posts

Nigerian Govt Declares Public Holidays For Christmas, New Year

The Federal Government has declared Wednesday, Thursday and Jan.1, 2025 as public holidays. This was…

1 hour ago

‘It’ll Boost Development’ -Matawalle Reacts To Lifting ban On Mining Activities In Zamfara

The Minister of State for Defence, Bello Matawalle, says the lifting of ban on mining…

2 hours ago

Epe Club 50th Anniversary: “The Boys” Unveil Luxurious Lounge

In a landmark event, Epe Club marked its 50th anniversary with the unveiling of a…

3 hours ago