In a bid to combat financial fraud, Mr. Ola Olukoyede, Executive Chairman of the Economic and Financial Crimes Commission (EFCC), issued a stern warning to compliance officers of banks nationwide against unauthorized disclosure of EFCC investigation activities.
The EFCC, through its Head of Media and Publicity, Dele Oyewale, expressed concern over the undue support fraudsters receive from Nigeria’s banking sector, posing significant challenges to the commission’s efforts.
Olukoyede emphasized the detrimental impact of compliance officers leaking information to clients regarding EFCC’s investigation letters to banks, which undermines financial crime probes and delays legal proceedings.
During a stakeholders’ meeting in Oyo State, relayed by Acting Zonal Director Hauwa Garba Ringim, Olukoyede urged compliance officers to promptly respond to EFCC correspondence with certified true copies of relevant documents.
Additionally, the EFCC Chairman called for an end to illegal transactions and trading in naira with Point-of-Sale (POS) operators, highlighting the unfair advantage they hold over bank customers.
Assuring continuous support, Olukoyede affirmed the vital role of compliance officers as essential stakeholders in the fight against economic and financial crimes.
