The Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has ordered all Banks in the country, to henceforth, investigate the sources of income of their customers, in a bid to reduce corruption in the country, .
The EFCC Chairman gave the directive on Tuesday, when members of the Association of Chief Audit Executives of Banks in Nigeria, paid him a courtesy visit, in Abuja, adding that, some customers receive huge sums of money within two months of opening an account.
His exact words: “I will like to urge you to know your customers, know the kind of businesses they do before opening an account for them, because some customers will open an account, within a space of two months a huge sum of money is found in the account, so there is need for you to try and query this information, including their linked accounts.”
He stated that the EFCC will start holding Banks liable for fraud in financial deposits, where there are established cases of complicity in the sector, from September 1, 2021.
A statement by the EFCC added: “Bawa implored the Bank Auditors to take issues of transparency in banking operations seriously, adding that, starting from September 1, 2021, it will no longer be business as usual, as the Commission will hold Banks liable, where there are established cases of institutional complicity in fraud in the sector.”
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