Anti-corruption and elections / EFCC

Magu Charges Banks' Compliance Officers On Money Laundering, Terrorist Financing

The acting Executive Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has called on financial institutions in the country to desist from laundering illicit funds for corrupt politicians and criminals. Magu gave the charge during the general meeting of the Association of Chief Compliance Officers of Banks In Nigeria, ACCOBIN, which held on Thursday, January 31, 2019 in Lagos. He said many politicians, who had stolen the nation's commonwealth, had begun to repatriate the stolen funds to the country for the purpose of influencing the elections through vote buying and compro…