EFCC tasks banks on money laundering

The Ilorin Zonal Office of the Economic and Financial Crimes Commission (EFCC) has tasked bank officials to do more in the fight against money laundering.

The commission made this known during a roundtable with compliance officers of banks in Ilorin, charging them to be diligent in the discharge of their duties and ensure that they played active roles in tackling money laundering and other fraudulent financial practices in the banking sector.

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The EFCC Zonal Head of Ilorin, Usman Muktar, who hosted the bank officials, appreciated their support to the commission in the delivery of its mandate, and urged them to do more.

He said the commission was planning the creation of a Tax Fraud Desk in the zone.

According to him, “The Tax Fraud Desk, in conjunction with the Special Control Unit against Money Laundering (SCUML), would greatly ease the problem of company registration currently being faced by people in the zone.”

He added that the section would help in dealing with issues of corruption, tax evasion, illicit financial flows and money laundering within the state hence that the interface became necessary in order to check the rising trend of money laundering involving bank officials.

He observed that, “There is no major fraud, especially money laundering, that is ever committed without the connivance of bank officials; this must stop.”