The chairman of the anti-graft agency, Abdulrasheed Bawa, stated this on Tuesday when members of the Association of Chief Audit Executives of Banks in Nigeria paid him a courtesy visit in Abuja.
The Economic and Financial Crimes Commission has asked banks to investigate the sources of income of their customers.
The chairman of the anti-graft agency, Abdulrasheed Bawa, stated this on Tuesday when members of the Association of Chief Audit Executives of Banks in Nigeria paid him a courtesy visit in Abuja.

EFCC Chairman Bawa
Bawa stated that some customers received a huge sum of money within two months of opening an account.

“I will like to urge you to know your customers, know the kind of businesses they do before opening an account for them because some customers will open an account within a space of two months a huge sum of money is found in the account, so there is need for you to try and query this information including their linked accounts,” he said.



The EFCC said the anti-graft agency will start holding banks liable for fraud in financial deposits, where there are established cases of complicity in the sector from September 1.

“Bawa implored the bank auditors to take issues of transparency in banking operations seriously, adding that starting from September 1, 2021, it will no longer be business as usual as the commission will hold banks liable where there are established cases of institutional complicity in fraud in the sector,” the EFCC chief was quoted in a statement.

The vice-chairman of the association, Uduak Udoh, said some customers are conniving with bank staff to loot funds while seeking support from the commission.

“Some customers are conniving with bank staff to loot funds. We want you to look into that area, not only the banks as we are ready to give you all the cooperation you need; we want you to trust bank auditors with information sharing because we cannot support fraudulent staff as they are a threat to the organization,” he added.

Meanwhile, the anti-graft agency had once asked bank employees to declare their assets, as a part of efforts to check the role of bankers in keeping funds acquired illegitimately.

Misplaced priority..

Thousands of corrupt politicians loot and are still looting bfor ur very eyes,but is the masses who can barely afford three square meal per day that is ringing alarm on ur head.

Shior.

This is just idiotic; politicians and their cronies continue to loot the national treasury and live large on the proceeds. But this boy is here talking trash to banks. What a country.

Good

This would help checkmate bandits and their sponsors. In addition, ponzi scheme operators will not like this idea

Him head Dey pepper him

This Bawa of a man has some thick cobwebs in his brain