Eniola Akinkuotu, AbujaThe acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has asked banks to provide a list of unscrupulous customers ahead of the 2019 general elections. A statement by the EFCC Spokesman, Mr. Wilson Uwujaren, quoted Magu as saying this in Lagos on Tuesday during an interactive session with the Association of Chief Compliance Officers of Banks in Nigeria. He further charged banks’ compliance officers to always provide the commission with the necessary information to assist it in carrying out its responsibilities. He, however, urged compliance officers of banks to be more diligent in their responsibilities, as this would help prevent money laundering and other fraudulent practices in the sector. 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.

Source: Punch May 31, 2018 23:15 UTC