Anti-corruption and elections / EFCC

Magu Cautions Banks’ Compliance Chiefs on Abuse of Post No Debit Order, Whistle-blowing

The acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has called on officials in the financial institutions in the country to be wary of “dubious individuals or groups within and outside their establishments”, who abuse both the whistle-blowing policy of the Federal Government as well as the Post No Debit, PND, Order in the sector. He said there were strong indications that some banks officials divulge information on high-net-worth accounts to their accomplices, who in turn obtain a purported PND order to fleece unsuspecting customers. Magu gave the warning d…