EFCC Issues Final Warning, Extends Bank MDs, Top Executives Asset Declaration To June 30

“The truth is that this law has been in place for over 35 years, but it was hardly ever enforced and so these bankers would just declare anything or not declare at all. However, the EFCC is now demanding the declaration forms as part of moves to sanitise the system.

“To this effect, the chairman has written a reminder to the banks, asking all top executives to comply latest by the end of June,” an investigator told Punch.

Findings showed that well over 120 managing directors, deputy managing directors and executive directors of 19 deposit money banks are affected by the EFCC’s order.

Checks showed that Access Bank has 16 board members, United Bank of Africa has 15, Sterling Bank and EcoBank have 13 members each, while First Bank, Guaranty Trust Bank and Fidelity Bank have 12 members each as contained on their official websites.

Others are Zenith Bank, 11; Wema Bank, 11; Union Bank 11; First City Monument Bank, 9; and Unity Bank, 8.

https://worldtopnewsng.com/efcc-issues-final-warning-extends-bank-mds-top-executives-asset-declaration-to-june-30/