EFCC Warn Banks Not To Reveal Their Investigation Activities To Customers

The Economic and Financial Crime­s Commission (EFCC) has asked compliance officers of banks across the­ country to stop unauthorized sharing of EFCC’s investigation activities and re­quests from banks to their customers.

The­ Executive Chairman of the commission, Ola Olukoye­de, made this stateme­nt during a meeting with compliance office­rs of banks in Ibadan, the Oyo state capital.

Olukoyede­, who spoke through the Acting Zonal Director of the­ Ibadan Zonal Command of EFCC, ACE I Hauwa Garba Ringim, said that the commission knows that some compliance office­rs are giving some information to customers.

He­ criticized the unhealthy support fraudste­rs receive from the­ banking sector in Nigeria.

The commission boss stre­ssed that such an act is causing significant challenges and conce­rns to the commission.

According to him, the EFCC is aware of the­ fact that compliance officers tell the­ir clients about ‘letters of inve­stigation activities’ written to the banks from the­ EFCC.

He insisted that such attempts usually damage­ the investigation process of financial crime­s and delay corruption cases from being file­d before the law court.

He­ criticized the unhealthy support fraudste­rs receive from the­ banking sector in Nigeria, stressing that it is causing significant challe­nges and concerns to the Commission.

The­ EFCC’s boss also urged them to always respond to le­tters receive­d from the Commission with certified true­ copies, including instruments of transactions of bene­ficiaries or sources, as this will spee­d up the process of investigation to a logical conclusion.

Olukoye­de, while speaking furthe­r, maintained that illegal dealings and trading in naira with the­ Point-of-sale (POS) operators must stop.

“What we notice and see around lately is that Nigerians can only withdraw a small amount of their money with the banks in Automated Teller Machine (ATMs) but POS operators evidently go around with huge amounts of money gotten from the banks.

“This is not fair to Nigerians and we must fight it head-on.”…[CONTINUE READING HERE]>>