Global News

It Is Not Compulsory For Every Nigerian To Have A Bank Account - EFCC

It Is Not Compulsory For Every Nigerian To Have A Bank Account - EFCC (Updated: 1 year ago)


According to the EFCC, nearly 40 per cent of Americans do not have accounts so it is not compulsory for everyone in Nigeria to have a bank account.

Due to the rising spate of bank frauds in the banking sector, the Economic and Financial Crimes Commission, EFCC have stated that it is not compulsory for Nigerians to have bank accounts.

The EFCC also kicked against the idea of opening bank accounts with only phone numbers, arguing that nearly 40 percent of Americans do not have accounts.

Bawa Usman, zonal head of the EFCC in Sokoto made the statement on Tuesday at a roundtable with compliance officers of commercial banks.

He said; “Nearly 40 per cent of Americans do not have accounts. So, it is not very compulsory for everybody in Nigeria to have a bank account.”

According to Usman, whose zone covers Sokoto, Kebbi, and Zamfara, insiders facilitate most financial frauds in the banking industry.

The commission convened the meeting to strengthen the relationship and collaborations between the EFCC and the banks in tackling frauds.

The EFCC boss further said the banks often frustrated the EFCC’s investigations as they delayed replying to its letters.

“Such delays jeopardise our investigation. Financial institutions must collaborate with us toward curtailing money laundering, illegal financing, and other illicit flows of money.

“The meeting is a response to the directive of the EFCC leadership. It is one of numerous strategies toward fighting all manners of corruption.

“The commission strives to ensure that fraudsters do not get away with proceeds of crimes undetected. To achieve this, we are appealing to all banks to facilitate a better working relationship with the anti-graft agency,
” he explained

Tags

Add a coment

Recent Posts

Dre San
Dre San
Saheed Osupa
Saheed Osupa
Sarkodie
Sarkodie
BlackMagic
BlackMagic
Wande Coal
Wande Coal
B-Red
B-Red
Dammy Krane
Dammy Krane
Kabex
Kabex
OlaDips
OlaDips
SuperBalat
SuperBalat
Larry Gaaga
Larry Gaaga
S Gee
S Gee
Yemi Alade
Yemi Alade
Naeto C
Naeto C
Philkeyz
Philkeyz
Nandy
Nandy
Crayon
Crayon
Yung6ix
Yung6ix
Spotless
Spotless
Buju
Buju
Baddy Oosha
Baddy Oosha
D’Banj
D’Banj
Mr Real
Mr Real
Waconzy
Waconzy
Oritse Femi
Oritse Femi
Niniola
Niniola
JoeEL
JoeEL
Stormyzino
Stormyzino
Lilyungage
Lilyungage
Pheelz
Pheelz
Sean Tizzle
Sean Tizzle
Rudeboy
Rudeboy
Ceeza Milli
Ceeza Milli
Qdot
Qdot
King Promise
King Promise
Erigga
Erigga
Made Kuti
Made Kuti
Iyanya
Iyanya
Hotkid
Hotkid
Terri
Terri
NAIJAKIT.COM

Trending Posts