Anti-corruption and elections / EFCC

Money Laundering: Magu Charges Banks’ Compliance Officers on Diligence

Ibrahim Magu, the acting Chairman of the Economic and Financial Crimes Commission, EFCC, has charged compliance officers of banks in Nigeria to be diligent in the discharge of their duties and to ensure that they play active role in tackling money laundering and other fraudulent financial practices in the banking sector. Magu gave the charge on December 19, 2018 through Usman Imam, the Zonal Head of the Commission in the South-East, during an interactive session held with a cross-section of compliance officers of banks in the region. He condemned the actions of some bank officials, who aid and…