adedehinbo:
Ah swear this will affect many rich corrupt men out there, part of the reason they never vote buhari

How does it affect people that bank themselves drive bullion vans to their houses?

idonhammer:
Noting in this world will make a banker betray guymen because without them ,there will be no Yahoo and without Yahoo there will be no banker. If you dey game,you go Sabi.

Bankers reporting Yahoo boys or money launderers is like politicians reporting corrupt policemen.

Tinubu..

BiafraIsFree:
He want Nigeria criminal banks to report Biafrans depositors.


[s]I just pray let IPOB leadership install banking sectors as Biafra media networks are been restored by our supreme leader, so that those of us Biafrans using Nigeria banking sectors will start pulling out of all these fraudulent Nigerian banks controlled by Yoruba and Hausa Fulani jihadists.[/s]

We can do it.


I will destroy any nigeria banks trying to take over my money in their watch.

Whenever they want to sell your sister in marriage as you people do, let them request for sense from your prospective inlaws.

You need it.

Nollyzonenews:
The Acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has called on bankers in Maiduguri, Borno State to ensure that they comply with the Money Laundering Act, and report to the anti-graft agency, any person(s) moving cash above the allowed threshold.

Magu gave the charge on Monday, April 8, 2019 during an interactive session with the Chief Compliance Officers of banks.

According to Magu, “Nobody should carry cash above the threshold of above N10 million for corporate organizations and N5 million for individuals; anything above the threshold must be routed through financial institutions.”

Magu also emphasized the role of Non-Governmental Organizations, NGOs in the North-East stressing that the EFCC will in the near future, begin the profiling of such organizations with a view of monitoring their financial activities.

He said: “We must profile all the NGOs in the North-East. I don’t know why an NGO will open more than 40 bank accounts.

“We are going to ask your various banks to give us statements of accounts for each and every NGO.

“The issue of money laundering, terrorist financing and leakage of information will be eliminated by the Commission with the help of bankers across the country.”

While answering question from a bank official, Magu said, “Aside from terrorist financing, the Commission is trailing the activities of ‘yahoo -yahoo boys’ on how victims were defrauded in the hands of those fraudsters by using latest technology. The Commission through the Nigerian Communications Commission is working assiduously to stop the menace”.



Source: http://www.ngg.ng/2019/04/09/efcc-chairman-ibrahim-magu-asks-bankers-to-report-any-money-laundering/

Efcc should target 5 star or 4 star hotels.

Politicians use hotel to launder money abroad.

Some hotel under the guise of placing order for croaker fish and hotel furnitures spirits away politicians looted funds overseas for some percentage of the money.

Hollywood actresses and actors are equally their mule.

[quote author=dfrost post=77401372][/quote]

post=77400972:

Just imagine that!

And they don't tax them.

If not money laundering and financing terrorism, what else is it used for?

Too early.
What has he been doing all these years?

Well, he was never confirmed by Nigerians in the National Assembly to be the country's economic and financial crimes fighter.

e

SarkinYarki:


is the Buhari govt not also treating and releasing Boko haram fighters? is the Buhari govt not the primary financial sponsor of Boko haram today under the auspices ransom payments

Boko Haram fighters absorbed into Nigerian army is another indication to who sponsor Boko Haram and their Jihadddi objective.

I think EFCC and the govt. should be looking at reducing the amounts in question. There are many means of payment, e-channels in particular and the AML drive should discourage people having physical access to big amounts. It still beats my imagination having these amounts at both #5m and #10m. Nobody should have access to more than 1% of these values and the rest should go through transfers or e-channels/payments.

The cashless policy should be extended to dom accounts. This is one area the govt. or EFCC is failing to fight ML. By cashless policy, i cannot withdraw more than a certain amount as an individual but i can still do that using my dom accounts; i transfer the naira equivalence to a BDC and get forex at no charge to either of us and convert it back to naira in the open market(defeating the cashless policy in place).

This is why ML is very rife in Nigeria and this what most politicians do to get by with ML. The cashless policy should be extended to dom accounts and as a rule, no withdrawal above $100 or pound or euro, etc, over the counter should be encouraged. Anything above it, should be go through transfers or e-payments and this will be a very good way of reducing the pressure on the naira in chasing the dollar, ML, and bring almost all forex users into the net.

Have they not be reporting it before?
Where do we report bullion van seen at private individual residence

Hotfreezer:
NGO opening 40 accounts?

If they chase away all NGOs from the North East and face Boko Haram squarely, the insurgency would be over within a month.

NGOs in the North East treat Boko Haram manners wounded in combat. They treat those caught.

Imagine a Boko ram caught alive.
Medecins Sans Frontiers treat the Boko ram
Advocats Sans Frontiers represent them in court
Amnesty International agitate for their release
Unicef takes care of children of dead Boko rams

But see what our soldiers are going through. Mention a single NGO catering to children of deceased soldiers.

A University graduate who speaks Hausa, Kanuri or Fulfulde can get a job paying 500k with an NGO in Maiduguri. Its a source of lush pay to indigenes and they too don't want it to end. Borno has the third Hughes paying jobs in Nigeria courtesy of NGOs.

NGOs don't want the conflict to end because they get grants and donations which must keep flowing. For it to keep flowing, Boko has to keep killing.

You're very correct. I got a job of about 660k in Bornu state with one of those multinational NGOs last month,but I rejected it oo due to that Bokoharam issue.

Hotfreezer:
NGO opening 40 accounts?

If they chase away all NGOs from the North East and face Boko Haram squarely, the insurgency would be over within a month.

NGOs in the North East treat Boko Haram manners wounded in combat. They treat those caught.

Imagine a Boko ram caught alive.
Medecins Sans Frontiers treat the Boko ram
Advocats Sans Frontiers represent them in court
Amnesty International agitate for their release
Unicef takes care of children of dead Boko rams

But see what our soldiers are going through. Mention a single NGO catering to children of deceased soldiers.

A University graduate who speaks Hausa, Kanuri or Fulfulde can get a job paying 500k with an NGO in Maiduguri. Its a source of lush pay to indigenes and they too don't want it to end. Borno has the third Hughes paying jobs in Nigeria courtesy of NGOs.

NGOs don't want the conflict to end because they get grants and donations which must keep flowing. For it to keep flowing, Boko has to keep killing.

God bless you my brother. I shared this same opinion on this forum, unfortunately, I was berated as if I shared part of Dasuki money. Many people in Maiduguri share the same opinion.

Bankers are accomplices of money launderers

Where is in Nigeria constitution that's said, bullion van can not enter a residential house?

Do you have any evidence of cash carrying, what I see on the image is vehicle enter a residential house, not any cash.

Ambulance moving on the road, not necessary mean it carry corpse or accidental victim.

BiafraIsFree:
He want Nigeria criminal banks to report Biafrans depositors.


I just pray let IPOB leadership install banking sectors as Biafra media networks are been restored by our supreme leader, so that those of us Biafrans using Nigeria banking sectors will start pulling out of all these fraudulent Nigerian banks controlled by Yoruba and Hausa Fulani jihadists.

We can do it.

I will destroy any nigeria banks trying to take over my money in their watch.

We need to boycott Nigeria banking sectors in Biafraland.

Where is in Nigeria constitution that's said, bullion van can not enter a residential house?

Do you have any evidence of cash carrying, what I see on the image is vehicle enter a residential house, not any cash.

Ambulance moving on the road, not necessary mean it carry corpse or accidental victim.

Sinner1:
Have they not be reporting it before?
Where do we report bullion van seen at private individual residence

My country dey vex now

I swear this man is working. If you want to confirm go to Efcc Instagram page. You would find out that nothing serious was happening at Efcc until his appointment. Serious postings about captures and arrests and investigation started happening around 2015/2016 that says a lot about the previous administration

klasys:
Where is in Nigeria constitution that's said, bullion van can not enter a residential house?

Do you have any evidence of cash carrying, what I see on the image is vehicle enter a residential house, not any cash.

Ambulance moving on the road, not necessary mean it carry corpse or accidental victim.

ambulance is for corpse while bullion van is for what?
Is it in the constitution that you must go to church on Sunday's or to mosque on Friday's?
Don't write unnecessary things just for writing sake when deep in your mind you know it is the truth.
You know what, why I love the way the human mind function is that it can not tell itself lies, the human mind can only lie or deceive others but not itself which is what your mind is doing now..hope I'm right brother

post=77400972:

Just imagine that!

Atleast let Magu starts from the one we all saw.... two bullion vans and the plane dat broke down because of overload of cash.

klasys:
Where is in Nigeria constitution that's said, bullion van can not enter a residential house?

Do you have any evidence of cash carrying, what I see on the image is vehicle enter a residential house, not any cash.

Ambulance moving on the road, not necessary mean it carry corpse or accidental victim.

you are shameless ..Tiunubu himself even admitted on TV that they were carrying money

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Hotfreezer:
NGO opening 40 accounts?

If they chase away all NGOs from the North East and face Boko Haram squarely, the insurgency would be over within a month.

NGOs in the North East treat Boko Haram manners wounded in combat. They treat those caught.

Imagine a Boko ram caught alive.
Medecins Sans Frontiers treat the Boko ram
Advocats Sans Frontiers represent them in court
Amnesty International agitate for their release
Unicef takes care of children of dead Boko rams

But see what our soldiers are going through. Mention a single NGO catering to children of deceased soldiers.

A University graduate who speaks Hausa, Kanuri or Fulfulde can get a job paying 500k with an NGO in Maiduguri. Its a source of lush pay to indigenes and they too don't want it to end. Borno has the third highest paying jobs in Nigeria courtesy of NGOs.

NGOs don't want the conflict to end because they get grants and donations which must keep flowing. For it to keep flowing, Boko has to keep killing.

hmmm

EFCC asked them to report, bank gave them a target. Wisdom is needed. Discuss

Yoruba the defenders of corruption.

klasys:
Where is in Nigeria constitution that's said, bullion van can not enter a residential house?

Do you have any evidence of cash carrying, what I see on the image is vehicle enter a residential house, not any cash.

Ambulance moving on the road, not necessary mean it carry corpse or accidental victim.

Leave Igbo Biafrans alone.

[quote author=idonhammer post=77401443][/quote]

Why you dey laugh? Abi I lie?

In other words, report ya sef

Nollyzonenews:
The Acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has called on bankers in Maiduguri, Borno State to ensure that they comply with the Money Laundering Act, and report to the anti-graft agency, any person(s) moving cash above the allowed threshold.

Magu gave the charge on Monday, April 8, 2019 during an interactive session with the Chief Compliance Officers of banks.

According to Magu, “Nobody should carry cash above the threshold of above N10 million for corporate organizations and N5 million for individuals; anything above the threshold must be routed through financial institutions.”

Magu also emphasized the role of Non-Governmental Organizations, NGOs in the North-East stressing that the EFCC will in the near future, begin the profiling of such organizations with a view of monitoring their financial activities.

He said: “We must profile all the NGOs in the North-East. I don’t know why an NGO will open more than 40 bank accounts.

“We are going to ask your various banks to give us statements of accounts for each and every NGO.

“The issue of money laundering, terrorist financing and leakage of information will be eliminated by the Commission with the help of bankers across the country.”

While answering question from a bank official, Magu said, “Aside from terrorist financing, the Commission is trailing the activities of ‘yahoo -yahoo boys’ on how victims were defrauded in the hands of those fraudsters by using latest technology. The Commission through the Nigerian Communications Commission is working assiduously to stop the menace”.



Source: http://www.ngg.ng/2019/04/09/efcc-chairman-ibrahim-magu-asks-bankers-to-report-any-money-laundering/

Hotfreezer:


Offa Robbery - First Bank and Zenith Bank
Iwo Robbey - First Bank and Skye Bank
Ife Robbery - First Bank
Ikorodu Robbery - First Bank
Lapai Robbery - First Bank and UBA
Ankpa Robbery - First Bank
Auchi Robbery - First Bank
Ikere - Ekiti Robbery - First Bank
Ifako-Ekiti Robbery - First Bank
Idoani Robbery (Yesterday) - First Bank

How did you know all these?

Police and dss should arrest this person for questioning.