June 1st Ultimatum to Bank Employees: Why EFCC is After Banks’ Staff

The Economic and Financial Crimes Commission (EFCC) Chairman, Abdulrasheed Bawa has given reasons for mandating bank employees to declare their assets latest by June 1.

Bawa explained that the move is aimed at checking the role of banks in keeping funds acquired illegitimately.

EFCC Boss Abdulrasheed Bawa

“Let me just put this, we understood that at the tail end of every financial crime is for the criminal to have access to the funds that he or she has illegitimately gotten and we’re worried about the roles of financial institutions,” he said.

“And we have discussed, but we hope that all financial institutions, particularly the bankers, will declare their assets as provided for by the law, in accordance with the Bank Employees Declaration of Assets Act.

Bawa made this known on Tuesday, while speaking with journalists after a meeting with President Muhammadu Buhari.

He said the meeting focused on the efforts of the commission towards eradication of financial crimes in the country.

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