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AfricaBusiness & FinanceNigeria

EFCC Gives 77 Days Ultimatum for Bankers to Declare Assets

By Hammed Hamzat

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The Chairman, Economic and Financial Crimes Commission (EFCC), Mr. Abdurasheed Bawa has directed all bankers in the country to declare their assets in line with bank employee declaration of assets act.

Mr. Bawa disclosed this to journalists shortly after he had meeting with President Muhammadu Buhari at the State House. The Economic and Financial Crimes Commission (EFCC) Chairman said the the anti-graft agency will give all money deposit banks staff to declare their assets on or before 77 days which will lapse on June 1, 2021.

While disclosing what he discussed with the president, he said the discussion focused on how the commission will intensify its fight against all forms of financial crimes across the country. Bawa narrated that the mission behind the requesting bank staff to declare assets is to checkmate how banks keep illegitimate funds for customers.

He recalled that the agency arrested no fewer than 300 cyber criminals in Nigeria between February and March alone stressing that the trend must come down and it must begins by compelling money deposit banks staff to declare assets.


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