There seems to be panic in many banks in Nigeria as the Economic and Financial Crime Commission (EFCC) is set to investigate them over the Dasukigate.
Chairman of the Commission, Ibrahim Magu announced the move to go after the banks, especially their Managing Directors and Chief Executives, whose banks are involved in money laundering, especially through the use of private banking
“We had a discussion with the governor of the Central Bank of Nigeria (CBN) and I insisted that this so-called private banking should be stopped. It is illegal. It is wrong. We are not only going after the personnel of the banks but also after the banks.
“What happens is that when a staff of the bank is involved in such activities, what the bank does is to take the person out of the system through dismissal. But now, we are going to go after the banks and the personnel used to perpetrate the fraud. It takes two to tango. In fact, very soon you will see us going after the Managing Directors of the banks. We don’t care what happens because the right thing has to be done. These people have given a lot of room for the money laundering activities to thrive. They were used to hide all the stolen money.”
Source: Vanguard. [myad]
Advertisement
