All to frustrate the opposition, watch closely those banks are connected to opposition party Members.

He said: “in Nigeria, vote buying has reached an alarming proportion, to the extent that politicians have now spread their tentacles to election officials, security agencies, election observers and even the media.”

Buharis appointee just confirmed that instead of corruption going down in Mr integrity's government, it's actually getting worse. SMH.

aaronson:
I only have one question to ask Ibrahim Magu, How does he expect these banks to make money if they don't aid money laundry and corruption of some sort.

The bank foothold from the onset was built to aid and facilitates corruption, Not only Nigeria banks but from the US Federal Reserve down to the least bank worldwide. Of a truth, Efcc relies on banks to go after thier culprits but the bank has to make money and grow as well. Efcc or the federal government don't pay these banks hence it's business as usually when they help these fraudsters/moneylaudrers beat the system as long as they get thier percentage cut.

The US financial regulatory body knows very well that Wester union/ Moneygramm or various gift cards aids the wrong set of people such as scammers, fraudsters, money laundry etc but they haven't ever thought of yanking off those means of payment, you know why? Cash flow makes the economy viable, let the cash flow then go after the criminal, Not blaming the system. only a lazy man complains about his tool. (only complain about your tool if you can't satisfy your wife or if you a Nigerian police man told to go face armed robbers.)

Your analysis is quite overwhelming! Efcc are doing their job in the wrong way as always! Maybe because they are not well equipped in terms of operations!

They base their operations on hearsay and not investigations..

keep chasing investors away with your body language.

ekaette1621:
Some PDP wailers will start blaming Bubu.
SAI BABA
APC till tomorrow.

Dem dey talk of better persons, you dey sai dementia and recession

Bounce abeg

The way EFCC came alive this period is so noticeable. How i wish they will stay alive like this forever, crime rate will reduce.
God Bless Nigeria

Sumobank online savings platform can never be found in such category.

/
It is called capital flight not money-laundering.

In an uncertain business environment, businesses secure and minimize their exposure. The constant beating of drums of war during election years in Nigeria does not bode well for the economy. Some speculators are moving funds away with the expectation that naira will fall with the re-election of Buhari. Some are voting with their PVC while others are playing the votes with their funds. Folks are flying their families out as well.

/

Dumb EFCC. Making wild accusations instead of having hard facts, effecting arrests and trying culprits.
Mtcheewwww.

EFCC has been effective since last week... exposing different yahoo boys and girls...

What have they been doing all this while

israelmao:
CBN which is the apex bank didn't discover this.

You thinks?

2mercy:


http://thenationonlineng.net/efcc-accuses-10-banks-of-money-laundering-2/

Mtweeew!
Was expecting to see huge amount. Na this one be the money laundering?

then.nail them