Economic and Financial Crimes Commission (EFCC) has attributed rising cases of money laundering in the Country to the connivance of bank officials. Ilorin zonal Head of the commission, Usman Muktar said this in Ilorin, Kwara state when he met with compliance officers of various banks in state capital.
The EFCC boss said that the “interface” became necessary in order to check the rising trend of cases of money laundering involving bank officials. “There is no major fraud, especially money laundering that is ever committed without the connivance of the bank officials, and this must stop,” Mr. Muktar said.
Muktar appreciated the banks officials support to the commission on the delivery of its mandate, urging them to do more. He charged the banks representatives to be diligent in the discharge of their duties by playing active role in tackling money laundering and other fraudulent financial practices in the banking sector
The round table conference was aimed at building a better relationship and strengthening of partnership ties between the staff of this critical unit of banks and the Commission in the fight against corruption.
