Northern Nigerian Breaking News

EFCC issues deadline to all bankers to declare their assets


The Economic and Financial Crimes Commission, EFCC, has said that it expects all operators in the Nigerian financial system especially bankers to declare their assets latest June 1, 2021.

The Commission’s Executive Chairman, Abdulrashed Bawa, dropped this hint on Tuesday while speaking with journalists at the State House, Abuja after a meeting with President Muhammadu Buhari.

A statement issued by the EFCC Head, Media & Publicity Wilson Uwujaren, said the Commission boss noted that the move is pursuant to the Bank Employees, ETC.

Solacebase reports that the Declaration of Assets Act 1986, is part of measures to sanitize the nation’s financial system and block some of the loopholes currently being exploited by unscrupulous players in the sector to undermine the Nigerian economy through money laundering and illicit financial flows.

Read Also: Alleged $25,000 bribe: EFCC plays conversation between Shehu Sani, CEO of ASD in court

elsamad new

‘’Section 1 of the Bank Employees, ETC. (Declaration of Assets) Act 1986 makes it mandatory for every employee of a Bank to make full disclosure of assets upon employment, and annually in subsequent years, ‘’said the statement.

‘’The law under Section 7 (1) stipulates that “It shall be an offence for an employee of a bank to own assets in excess of his legitimate known and provable income”. The penalty for violation of the Act, as spelt out in section 7(2) includes imprisonment for a term of ten years; “Any employee guilty of an offence under subsection (1) of this Section shall on conviction be liable to imprisonment for ten years and shall, in addition, forfeit the excess assets or its equivalent in money to the Federal Government”

According to the statement, Bawa who also expressed worry about youth involvement in cybercrime, however, appealed to parents to take a special interest in the activities of their children.

‘’Parents have a responsibility to ensure that they nurture their children with the right set of values to ensure that they are not easily swayed by the allure of easy money through fraud and cybercrimes. He added that youths must learn that there is no shortcut to enduring wealth.’’

  1. 56779 168178I gotta bookmark this site it seems very helpful . 364776

  2. Üniformalı Xxxx Film says

    Kaba erkekler Yeni videolar. Popüler Yeni Uzun.
    Herşey HD. 5:40. 3 yıl once Txxx. Cumshot klip
    ile sıcak twinks şaplak. Cumshot, Eşcinsel, Hardcore,
    Kaba, Şaplak Atmak, Genç Gay. 6:06. 3 yıl.

  3. azgın azeri lezbiyenler says

    Results for turk sikis izle pornosu. FREE 411 GOLD 411.
    German türk kizi sikiliyor wird gefickt schön feucht yarak yiyor vom Türk sikisi.
    957k 100% 1min 35sec 360p. Milf Teen Best Blowjob. 684.8k 98% 4min 480p.

Leave A Reply

Your email address will not be published.