“Nearly 40 per cent of Americans do not have accounts. So, it is not very compulsory for everybody in Nigeria to have a bank account.”

NEWS AGENCY OF NIGERIA • MAY 26, 2021

The Economic and Financial Crimes Commission says it is not compulsory for Nigerians to have bank accounts amid the rising spate of bank frauds and insider crimes in the banking sector.

The EFCC also kicked against the idea of opening bank accounts with “mere phone numbers,” arguing that nearly 40 per cent of Americans do not have accounts.

“Nearly 40 per cent of Americans do not have accounts. So, it is not very compulsory for everybody in Nigeria to have a bank account,” said Bawa Usman, zonal head of the EFCC in Sokoto.

According to him, insiders facilitate most financial frauds in the banking industry. Mr Usman, whose zone covers Sokoto, Kebbi, and Zamfara, stated this on Tuesday in Sokoto at a roundtable with compliance officers of commercial banks.

The EFCC convened the meeting to strengthen the relationship and collaborations between the EFCC and the banks in tackling frauds.

Mr Usman further said the banks often frustrated the EFCC’s investigations as they delayed replying to its letters.

“Such delays jeopardise our investigation. Financial institutions must collaborate with us toward curtailing money laundering, illegal financing, and other illicit flows of money.

“The meeting is a response to the directive of the EFCC leadership. It is one of numerous strategies toward fighting all manners of corruption.

“The commission strives to ensure that fraudsters do not get away with proceeds of crimes undetected. To achieve this, we are appealing to all banks to facilitate a better working relationship with the anti-graft agency,” he explained.

He urged bankers to improve ways of tracking illicit finances and transactions, stressing that point of service operators or money agents needed to be well-informed on financial regulations.

Mr Usman told the banks to ensure that eligible customers obtain Special Control Unit Against Money Laundering (SCUML) numbers, stressing the need to review their data registers to ensure compliance.

https://gazettengr.com/nigerians-dont-need-bank-accounts-efcc/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost

How possible ?

Shukushaka:

“Nearly 40 per cent of Americans do not have accounts. So, it is not very compulsory for everybody in Nigeria to have a bank account.”

NEWS AGENCY OF NIGERIA • MAY 26, 2021

The Economic and Financial Crimes Commission says it is not compulsory for Nigerians to have bank accounts amid the rising spate of bank frauds and insider crimes in the banking sector.

The EFCC also kicked against the idea of opening bank accounts with “mere phone numbers,” arguing that nearly 40 per cent of Americans do not have accounts.

“Nearly 40 per cent of Americans do not have accounts. So, it is not very compulsory for everybody in Nigeria to have a bank account,” said Bawa Usman, zonal head of the EFCC in Sokoto.

According to him, insiders facilitate most financial frauds in the banking industry. Mr Usman, whose zone covers Sokoto, Kebbi, and Zamfara, stated this on Tuesday in Sokoto at a roundtable with compliance officers of commercial banks.

The EFCC convened the meeting to strengthen the relationship and collaborations between the EFCC and the banks in tackling frauds.

Mr Usman further said the banks often frustrated the EFCC’s investigations as they delayed replying to its letters.

“Such delays jeopardise our investigation. Financial institutions must collaborate with us toward curtailing money laundering, illegal financing, and other illicit flows of money.

“The meeting is a response to the directive of the EFCC leadership. It is one of numerous strategies toward fighting all manners of corruption.

“The commission strives to ensure that fraudsters do not get away with proceeds of crimes undetected. To achieve this, we are appealing to all banks to facilitate a better working relationship with the anti-graft agency,” he explained.

He urged bankers to improve ways of tracking illicit finances and transactions, stressing that point of service operators or money agents needed to be well-informed on financial regulations.

Mr Usman told the banks to ensure that eligible customers obtain Special Control Unit Against Money Laundering (SCUML) numbers, stressing the need to review their data registers to ensure compliance.

https://gazettengr.com/nigerians-dont-need-bank-accounts-efcc/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost

When I read the headline, I just knew only a semi illiterate Aboki, product of quota system, could have uttered such tosh. Maybe he wants us to go back to keeping cash under our pillows. Exactly how does it help the fight against corruption if people can hide cash in tankers and graves? Is it not better the money is in banks where there is a record trail? Stupid senseless aboki!

Shukushaka:

“Nearly 40 per cent of Americans do not have accounts. So, it is not very compulsory for everybody in Nigeria to have a bank account.”

NEWS AGENCY OF NIGERIA • MAY 26, 2021

The Economic and Financial Crimes Commission says it is not compulsory for Nigerians to have bank accounts amid the rising spate of bank frauds and insider crimes in the banking sector.

The EFCC also kicked against the idea of opening bank accounts with “mere phone numbers,” arguing that nearly 40 per cent of Americans do not have accounts.

“Nearly 40 per cent of Americans do not have accounts. So, it is not very compulsory for everybody in Nigeria to have a bank account,” said Bawa Usman, zonal head of the EFCC in Sokoto.

According to him, insiders facilitate most financial frauds in the banking industry. Mr Usman, whose zone covers Sokoto, Kebbi, and Zamfara, stated this on Tuesday in Sokoto at a roundtable with compliance officers of commercial banks.

The EFCC convened the meeting to strengthen the relationship and collaborations between the EFCC and the banks in tackling frauds.

Mr Usman further said the banks often frustrated the EFCC’s investigations as they delayed replying to its letters.

“Such delays jeopardise our investigation. Financial institutions must collaborate with us toward curtailing money laundering, illegal financing, and other illicit flows of money.

“The meeting is a response to the directive of the EFCC leadership. It is one of numerous strategies toward fighting all manners of corruption.

“The commission strives to ensure that fraudsters do not get away with proceeds of crimes undetected. To achieve this, we are appealing to all banks to facilitate a better working relationship with the anti-graft agency,” he explained.

He urged bankers to improve ways of tracking illicit finances and transactions, stressing that point of service operators or money agents needed to be well-informed on financial regulations.

Mr Usman told the banks to ensure that eligible customers obtain Special Control Unit Against Money Laundering (SCUML) numbers, stressing the need to review their data registers to ensure compliance.

https://gazettengr.com/nigerians-dont-need-bank-accounts-efcc/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost

haba why allways compare US whit Nigeria. I think he was referring to northern Nigeria because of too much poverty in that region. As for nndi Igbo even my grand mother have bank account.

But we are not Americans why are we always trying to be who we are not in this country. Just like a butterfly who thinks himself a bird

Northerners and Qouta system

40% of Americans who are unbanked are children

CBN is telling us to go cashless, EFCC is telling us to go bankless

This Mallam aboki no go kill us one day


.

Does bawa Usman have bank account?

Una Sabi compare una self with America

Mumu People

Na from gazette.. That media no get reputation anymore. Believe them at your own peril

Useless fools close your account before saying nonsense

Dis is what U get wen U have dafts heading govt institutions and agencies. They are quick to make half baked comparisons weneva it suits dem... It's jus a shame we have mo.rons supported by ediots running the affairs of dis country. They quoted a report in the usual way forgetting to read through what they were quick to copy while exaggeratingon the figures. They didn't mention there are more options than ever for Americans who want to operate without a bank, such as using prepaid debit cards, online payment systems like PayPal or fintech companies. The most recent report puts the number of banked Americans at about 95% (as at March 2021).

Maybe him dey save him own,for cemetery.

helinues:
Na from gazette.. That media no get reputation anymore. Believe them at your own peril

It's from News Agency of Nigeria and they are very reputable

NEWS AGENCY OF NIGERIA • MAY 26, 2021

Coldshisha:


It's from News Agency of Nigeria and they are very reputable

Still still the news doesn't make any sense

helinues:


Still still the news doesn't make any sense

Go on Nairaland FrontPage and show me one Nigerian news that makes sense

Hell Rufai's door opener is having a door opener

EFCC is telling people to stop using bank because of bankers stealing people's money

Meyetti Allah is dragging land with Yoruba and Ibos

Dollar now 410 officially from CBN

Honestly nothing makes sense anymore

This one is high, I thought hisdah banned alcohol.

Coldshisha:


Go on Nairaland FrontPage and show me one Nigerian news that makes sense

Hell Rufai's door opener is having a door opener

EFCC is telling people to stop using bank because of bankers stealing people's money

Meyetti Allah is dragging land with Yoruba and Ibos

Honestly nothing makes sense anymore

How @ bolded take be news? I have not seen it though...

Nigeria matter lately no longer be things fall apart but things scatter apart...

Coldshisha:



Northerners and Qouta system

40% of Americans who are unbanked are children

CBN is telling us to go cashless, EFCC is telling us to go bankless

This Mallam aboki no go kill us one day


.

Aboki keeps goofing back to back

helinues:


How @ bolded take be news? I have not seen it though...

Nigeria matter lately no longer be things fall apart but things scatter apart...

https://www.youtube.com/watch?v=2sRT_FiDLNQ

Naija Na God fit save us

80% northerners don't have bank account fact.

Ok

When you see rubbish and mediocrity being peddled by useless northern government functionaries, rather than objectively criticise the unfortunate bull-crap, you resort to attacking the medium/news outlet. See other news sources, are these ones also without reputation? Nonsense! Once you can't defend evil you resort to labeling it fake news! Hypocrisy kills o!

https://pmnewsnigeria.com/2021/05/26/efcc-not-compulsory-all-nigerians-should-have-bank-accounts/
https://www.newsngr.com.ng/2021/05/not-all-nigerians-need-bank-accounts-efcc/

helinues:
Na from gazette.. That media no get reputation anymore. Believe them at your own peril