L
LequteMan
Guest
The anti corruption war embarked by the federal government has made treasury looters to change the way they keep their loots, Chairman of the Economic and Financial Crimes Commission, EFCC, has stated.
According to him, looters have stopped keeping money in banks and have resorted to storing cash in their abandoned properties.
“People are now scared of keeping monies in banks, as it can be traced easily. Monies are now kept in abandoned houses in the country," he said, charging bureau de change operators and financial institutions to desist from being used as conduit pipes to launder money.
According to him,” BDCs move billions of naira in a day and there is no proper documentation of money laundered. I appeal to the BDCs to stop that, as we will begin to prosecute bureau de change operators to serve as deterrent. Bankers are also involved in corrupt acts, as they don’t carry out due diligence.’’
He spoke at a workshop titled, the ‘Role of Professionals in the Fight Against Corruption’ in Abuja on Friday.
Punch
According to him, looters have stopped keeping money in banks and have resorted to storing cash in their abandoned properties.
“People are now scared of keeping monies in banks, as it can be traced easily. Monies are now kept in abandoned houses in the country," he said, charging bureau de change operators and financial institutions to desist from being used as conduit pipes to launder money.
According to him,” BDCs move billions of naira in a day and there is no proper documentation of money laundered. I appeal to the BDCs to stop that, as we will begin to prosecute bureau de change operators to serve as deterrent. Bankers are also involved in corrupt acts, as they don’t carry out due diligence.’’
He spoke at a workshop titled, the ‘Role of Professionals in the Fight Against Corruption’ in Abuja on Friday.
Punch
