CISLAC to CBN, NASS: Support EFCC on bankers’ probe

The Civil Society Legislative Advocacy Centre (CISLAC)/Transparency International-Nigeria has urged the Central Bank of Nigeria and the National Assembly to support the Economic and Financial Crimes Commission’s directive for bankers to declare their assets as from June 1, 2021.

Executive Director, CISLAC and Head Transparency International-Nigeria, Auwal Musa Rafsanjani, in a statement, said the CBN must support the efforts of the EFCC in complementing their shared responsibility of sanitizing the banking sector expected of institutions fighting one just course.

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He also urged the EFCC to remain undeterred in its resolve to champion reforms that would be instrumental to driving the anti-corruption agenda of the current administration.

He said this would also stem the Illicit Financial Flows (IFFs) in the country.

He said that the directive issued by EFCC Chairman, Abdulrashed Bawa, “is rightly in line with Sections 1 and 7 of the Bank Employees, etc. (Declaration of Assets) Act 1986, which compel Bank employees to make full disclosure of assets within 14 days and provide a 10-year imprisonment sentence on conviction for offenses of unjust enrichment, respectively.”