Ibrahim Magu Accuses Banks Of Encouraging Treasury Looters

Acting chairman of the Economic and Financial Crimes commission, Ibrahim Magu has accused Nigerian banks of encouraging looters in the country. He blamed banks in the country for creating a friendly atmosphere for looters to steal money.

The EFCC boss, who spoke when he received a delegation of the International Monetary Fund (IMF), who were at the Commission’s Head Office in Abuja, stressed that bans are doing everything possible to make sure that the Nigeria Financial Intelligence Unit, NFIU, is severed from the agency.

“I don’t trust the financial institutions. They create enabling, I don’t trust the financial institutions. They create enabling environment for thieves to loot our money that is why they are fighting to remove the NFIU from us. They want to use a former Managing Director of a bank to head the NFIU.”[myad]