EFCC Stresses On Asset Declaration By Bankers

The Economic and Financial Crimes Commission, EFCC, has said that its directive to bankers to declare their assets is aimed at sanitizing the banking sector.

EFCC Chairman, Abdulrasheed Bawa, who was represented by the Lagos Zonal Commander, Mohammed Ghali made the clarification at the opening of a two-day capacity building workshop for security agencies, organized by the Nigeria Deposit Insurance Corporation, NDIC, in Abeokuta, Ogun state capital.

Bawa said that the directive was in line with the Bank Employees Declaration of Assets Act 1986, enacted to ensure adequate measures in sanitizing the nation’s financial system.

Recall that the EFCC had in March directed all bank executives to declare their assets latest by June 1.