The Economic and Financial Crimes Commission says due to the current anti-corruption war, looters have stopped keeping money in banks and have resorted to storing cash in their abandoned properties.

The acting Chairman of the EFCC, Mr. Ibrahim Magu, said this at a workshop titled, the ‘Role of Professionals in the Fight Against Corruption’ in Abuja on Friday.

Magu said, “People are now scared of keeping monies in banks, as it can be traced easily. Monies are now kept in abandoned houses in the country.”

He also charged bureau de change operators and financial institutions to desist from being used as conduit pipes to launder money.

According to him,” BDCs move billions of naira in a day and there is no proper documentation of money laundered. I appeal to the BDCs to stop that, as we will begin to prosecute bureau de change operators to serve as deterrent. Bankers are also involved in corrupt acts, as they don’t carry out due diligence.’’

Magu charged professional bodies in the country to join hands with the anti-graft agency in the fight against corruption and economic crimes.

He added, “Instead of conniving with people to launder the proceeds of corruption, I beg you to join hands with the EFCC to fight corruption.

“Many professionals celebrate criminality by doing a lot to foster corruption, which adds more to money laundering. I don’t intend to criticise the work of professionals, but to solicit their support in order to make Nigeria better for the younger generation.’’

The EFCC boss further revealed that the commission would soon be going after accounting firms that collaborate with bankers to steal government funds.

Meanwhile, Justice Fatun Riman of a Federal High Court, Kano, has granted the application of the EFCC, to try a former Skye Bank staff, Yagana Bukar, in absentia on 10 charges bordering on money laundering.

Bukar was first arraigned in October 2013 and was granted bail. The accused person, however, absconded shortly after the commencement of trial.

Prosecuting counsel, M. S. Abubakar, had applied to the court, pursuant to Section 352(4) of the Administration of Criminal Justice Act 2015, to continue with the trial despite the absence of the defendant.

Abubakar told the court that the defendant failed to appear during eight consecutive adjournments without any explanation.

The trial judge then granted the application of the prosecution, and directed the first prosecution witness, Barnabas Okakwu, a staff of Skye Bank to continue his evidence-in-chief.

Further hearing in the case has been adjourned to June 27, 2016.

http://www.punchng.com/looters-now-keep-money-abandoned-houses-efcc/

we will get there..

Ftc.. [color=#770077][/color]

Awon mad people.

we know! most of the empty estate in Abj re ware house were these criminal store cash!

It has been like that for a long time not today.

Let me go hunting with my briefcase. I'll start with all the abandoned houses in Abuja

[img]http://i./yidUzBXdCA3gJlaow0.gif[/img]

asiwere n ko oro jo. Madmen playing the game of politics in Nigeria, why won't the country be stagnant if not retrogressing?

I don't care

Rily....d banks are no longer safe for dem

Nigeria will be great again.

Sorry , Your FTC has been claimed

loylextop:
Ftc.. [color=#770077][/color]

All these Oloriibu people hiding cash up and down, i just wish google has money finder app , I would have located those cash stashes

and return them all to the Federal Government [size=1pt]of my pocket [/size]


Because i am a fair Nigerian

yeah.. go get and that money so that someone else can loot it.. nonsense

APC the lieing liars. Is it coincident that one of them is called Lai?

lol can you imagine, leaking your enemies's secret!! you have intelligence about your enemy and you are giving it away? who are they deceiving, PROPAGANDA IS THE FOOD FOR THE SOUL OF ZOMBIES!! OYA ZOMBIES come chop!

Na to go dey check all dis abandoned buildings be dat oooo....

But wait ooo, if you come go see awon Mudashiru, awon Alaye, awon Boiz for
inside the abandoned building, your own don be for dat day

My Prayer point this Sunday will be ... " May the good Lord direct my foot step to any FAVOURABLE UNCOMPLETED BUILDING..." Hit like if you want similar miracle this week

989900:
Some people and I, have suggested change in currency color . . . we just might need to do that ATEOTD. While working on ways to make the Naira keep on appreciating against the dollar, so they are tempted to change some of those to Naira.

They use Bureau de change and some professional accounting firm to launder the embezzled Naira to Dollar. It will be a futile effort and waste of tax payers money if the federal government embark on the colour of currency change.

Where all the money wey una don recover self?

Really?

good. find them where ever they are

Am sure they wont take some to heaven

..

Lemme start checking in completed buildings

And no single picture to back up their claim?

This guys are just taking us for a ride

If I see that kind money, let's say 2Million USD haaaa!
I will eat Amala 2million Naira, Ogunfe 6million, ponmo 4 million... Unilag girls 5 million, mansion 100 million. . . champagne... 6 million... wait ooo, money don finish ooo

where are the houses please

On my way to keep checking all the abandoned houses in my street.