The Economic and Financial Crimes Commission, EFCC, says corrupt chief executive of commercial banks in the country will soon be probe for various infractions.
EFCC chairman Ola Olukoyede made this known on Tuesday while speaking at the 17th annual conference of the Chartered Institute Bankers of Nigeria, CIBN.
The agency boss accused some CEOS of aiding money laundering, illegal forex transactions, imposing fraudulent charges on depositors, saying those found culpable of the act will be prosecuted soon by the commission.
According to him, thorough investigations have already been carried out, and documents are being prepared to charge them to court for prosecution, noting that such unwholesome acts have affected the integrity of the nation’s financial sector.
Olukoyede said, “Operators frequently devise means to circumvent regulations and rules in a desperate bid for higher yields and bottom line.
“Sharp practices such as forex trading, defrauding of depositors through phantom charges, and complicity in money laundering and illicit financial schemes involving politically exposed persons continue to undermine the integrity of the sector and, by extension, the nation’s economy.
“We need to just do something drastic to bring everybody in line and to make us do the right thing. It’s extremely important. In a system where there is no penal sanction for criminal infraction, that system will never survive.”
