Ask account owners how they got money – EFCC orders Nigerian banks

The Economic and Financial Crimes Commission (EFCC) has advised bankers to ask their customers how they got money in their accounts.

The Chairman, Abdulrasheed Bawa, spoke at a meeting with the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN).

The members, led by the Chairman, Yinka Tiamiyu, visited the EFCC headquarters in Abuja.

Bawa urged them to do more to tackle financial crimes and related challenges in the banking sector.

“I would like to urge you to know your customers, know the kind of businesses they do before opening an account for them,” he said.

The anti-graft chief observed that some individuals and organizations open an account and within a few months, huge sums of money are deposited.

“There is a need for you to try and query this information, including their linked accounts,” Bawa said.

Speaking, Tiamiyu reiterated the commitment of banks to sanitize the system, noting that it was not in their interest to suppress financial malfeasance.

Uduak Udoh, the Vice Chairman, disclosed that some customers connive with bank staff to loot funds.

“We are ready to give you the cooperation you need. We want you to trust bank auditors with information because we cannot support fraudulent staff, they are a threat”, he declared.