The acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu , has alleged that some banks are aiding and abetting politicians and fraudsters in stealing ,looting and laundering money in Nigeria.
The acting chairman of the EFCC made this statement at a meeting with the compliance officers of various banks in Port Harcourt on Friday 5th of April 2019.
He also said that the employees of some bank, whom he also described as fraudsters, always connive with politicians and fraudsters to move money through the different international money transfer payment system.
Also he admitted that “some bad eggs” that works within the EFCC which he heads collaborate with some bank officials to carry out criminal activities on behalf of certain people in the society.
Magu also said “The banks also help the politically exposed persons to steal and divert public funds. You will also agree with me that the banks gives lifelines to internet fraudsters; the one we call Yahoo boys.
“The banks also provide market for them through international money transfer agencies like western union and money gram that are readily available. So, this is the reason we say we must come here. We have to talk. Unfortunately, we have fraudsters that are working in the banks; working right inside the banks.
They also would throw confidentiality to the wind and subject people’s accounts to a lot of extortion and intimidation. We want to put in our (EFCC) machinery to deal with fraudulent activities like this with bankers and also including some law enforcement agencies.
He also said that “There are bad eggs amongst us, even in the economic and financial crime commission (EFCC), it seems that there is readily available partnership with some fraudulent elements within the bank to carry out certain fraudulent activities and money laundering. I think this is basically the reason we called this meeting.
He said “Journalists are supposed to be fighters and hunters of corruption just like the compliance officers; they are also fighters of corruption and we are expected to all work together to make the fight against corruption work.”
“Money is being stolen and money is being used to finance terrorism in Nigeria. There are more terrorist activities in this country Nigeria. So, it is a lucrative business for them.”
The EFCC boss also urged every Nigerians to take part in the fight against corruption in Nigeria. Saying that it is a compulsory that every Nigerians participate in the fight against corruption.