The chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has called on lawyers across the country to always observe due diligence in their practices.
This, according to him, is necessary for them to know the background of their clients so as not to run foul of the Anti-Money Laundering and Counter-Terrorism Financing, AML/CTF regulations. Speaking on Tuesday at a panel discussion on money laundering during the 64th Annual General Conference of Nigerian Bar Association, NBA, Conference 2024 in Lagos, the EFCC ’s boss said: “As lawyers, we are supposed to hold a position of trust in our professional conduct.
“Even a part of the Money Laundering Act that we have evaluated doesn’t stop me from enforcing the regulations of the EFCC Act and other financial laws in Nigeria.” Speaking further, Olukoyede emphasised that lawyers are not insulated from prosecution if they fail to do the right thing. He said: “It is my duty to trace the proceeds of crimes. And if I trace it to you, I will invite you for questioning, and it is your duty to answer my questions.
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