Nigeria's Central Bank, EFCC strategise to bar criminals from opening account

Mar 12, 2019
The Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) on Thursday revealed plans to bar criminals from opening bank accounts in the country.
 
This was disclosed at the end of a meeting between the agencies held at the Head Office of the CBN in Abuja.
 
According to the the Director, Corporate Communications of the CBN, Isaac Okorafor, the strategy was adopted to curtail unwholesome activities of economic saboteurs including smuggling of commodities like rice, textile materials, fertiliser, wheat and other items on the prohibition list.
 
The two agencies also aim to monitor foreign exchange access through official window, as well as tracking illicit financial flows and improving on the level of information-sharing and surveillance of the financial sector.
 
The bodies also agreed to collaborate in tracking anti-money laundry and the monitoring of politically exposed persons in the country.
 
The inter-agency meeting was chaired by the Director, Governors’ Department of the CBN, Mr Jeremiah Abue.
  1. Opinions and Analysis

Calender

« May 2019 »
Mon Tue Wed Thu Fri Sat Sun
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31