Banks will now be held liable for fraud – EFCC

user_icon Banks will now be held liable for fraud – EFCC Posted by: NOTICE.COM.NG Staff
calendar-icon Banks will now be held liable for fraud – EFCC Posted on: 2021-08-26 12:34:35
Banks will now be held liable for fraud – EFCC 828D4A94-5A4D-4F9C-A818-23910794873533660

The Economic and Financial Crimes Commission (EFCC) has placed banks in Nigeria under surveillance.

The anti-graft agency said this became imperative due to the involvement of some institutions’ management and staff in financial crimes.

Abdulrasheed Bawa, the Chairman, implored bank auditors to take issues of transparency in banking operations seriously.

DO YOU KNOW >>> Gov Abiodun declares ‘war’ on Yahoo boys, kidnappers - Ogun

He spoke at a meeting with the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN).

The EFCC chief announced that from September 1, 2021, “it will no longer be business as usual”.

“The commission will hold banks liable where there are established cases of institutional complicity in fraud in the sector.”

READ ALSO >>> EFCC arraigns Funmi Adenmosun for alleged N26.6bn investment fraud in Lagos

Bawa had alerted that individuals and companies who of Nigeria get assistance from banks.

HILARIOUS >>> WATCH Comedy Video: Oga Sabinus - Sabinus The Barber

BREAKING >>> Price Of Mercedes Benz G63 Amg 2013 Reviews And Buying Guide

LISTEN TO >>> Mixtape: DJ SJS - 2022 New Year Mix

WATCH >>> Video: Fiokee Ft Bella Shmurda - Personal

READ ALSO >>> Joe Flacco Net Worth 2022

For All Nigeria Past Questions Visit www.QUESTION.NG

Kindly share this post on different Social Media below



NOTE: User comments in this section are, as the name implies, provided by users of this website. The team is not responsible for, nor do they endorse, any of the information provided here.