The National Union of Banks, Insurance and Financial institutions has said its members are not afraid to declare their assets as being required by the Economic and Financial Crimes Commission. The union’s National President, Anthony Abakpa, disclosed this on Wednesday in a telephone interview with The PUNCH. The Chairman of the EFCC, Abdulrasheed Bawa, had said recently that the commission would from June 1 be demanding the asset declaration forms of bankers. The development is said to be in compliance with the Bank Employees, etc (Declaration of Assets) Act 1986, with defaulters said to risk 10-year jail term if found guilty by any Federal High Court. The NUFIBIE president reiterated the position of the union on the asset declaration demand, saying the EFCC should focus its efforts on bank executives.

Source: Punch June 02, 2021 23:48 UTC