(This page may contain affiliate links. Read my full disclosure.)
Acting EFCC chairman, Ibrahim Magu, has asked banks to provide a list of corrupt customers ahead of the 2019 general elections.
Magu made this known during an interactive session with Association of Chief Compliance Officers of Banks in Nigeria, ACCOBIN, in Lagos.
According to Magu, “We need to find a common ground to work together. You have a responsibility to fight corruption.
READ ALSO: 6m People Die From Smoking Every Year – WHO
“The Commission is ready to partner with you to ensure a healthy economy. We are ready to assist the banks in recovering their debts, but compliance officers must ensure due diligence, especially when giving out loans to customers. I know you sometimes need to protect some of your customers. But it is sometimes better that you do without some of these people; otherwise, you will be seen as conspiring with them to steal public funds.”
He further charged banks’ compliance officers to always provide the Commission with necessary information to assist it in carrying out its responsibilities, adding that “We must work together to save this country. Most of the banks are sitting on water. In fact, some of these banks are almost collapsing. He said.
Magu added: “I know there are questions you can’t ask, particularly it involves some individuals, but if you give us information on such people, we will move in. If there are fundamental issues that can affect your banks, you can give us the information, especially as another general election approaches. I don’t want to be charging banks alongside suspected criminals because doing so can wreak havoc on the economy. It will even discourage investors from coming to the country.”