EFCC Chairman, Ibrahim Magu, has declared that banks are being turned into fraud and money laundering institutions in Nigeria. EFCC Banks MoneyLaundering
The Chairman of Economic and Financial Crimes Commission , Ibrahim Magu, has declared that banks were being turned into fraud and money laundering institutions in Nigeria.
Magu said: “You cannot fight corruption in isolation; that is why we are having this meeting today with compliance officers of banks. We have to join hands, including the journalists, to succeed in this fight. “Unfortunately, we now have fraudsters working inside the banks. They subject people’s account into intimidation and extortion. We want to put our machinery to deal with such bankers.”
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