Skip to main content

NEWS: fraudsters are now working inside bank- Ibrahim Magu

EFCC boss, Ibrahim Magu, has accused banks of aiding in money laundering

  • Magu claimed that fraudsters now work in Nigerian banks
  • The EFCC boss accused banks of conniving with Bureau De Change operators to launder money

The acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has accused banks of conniving with Bureau De Change operators to launder money and commit other illegal activities.

The EFCC boss, who spoke in Port Harcourt, Rivers state on Friday, April 5, during a meeting with compliance officers of banks in the south-south zone, said fraudsters now work in Nigerian banks, Vanguard reports.

Magu said: “You cannot fight corruption in isolation, that is why we are having this meeting today with Compliance officers of banks. We have to join hands including the journalists to succeed in this fight.

“A lot of laundering activities today are going on in the bank. This is because a lot of them connive with Bureau De Change agents. We have discovered that many of these operators of Bureau De Change are foreign nationals. Banks give them chance and they launder our money and they finance terrorism. Banks also help politically exposed persons to steal funds. They give life to internet fraudsters through Money Gram and Western Union. “Unfortunately, we now have fraudsters working inside the banks. They subject people’s account into intimidation and extortion. We want to put our mercenary to deal with such bankers.”

About Me

Hello my name is Anthony Bassey.Am not that new to blogging but I can say that I have learned a lot on the net which I love very much. That's why I don't hesitate to teach it to my friends who are new to blogging. Currently am learning programming languages. Am officially done t HTML markup language. Handling PHP now. Sooner or later am gonna master it all.

Declare variables, Not war

Labels:

Comments

Post a Comment

We value comments, please drop one

Popular Post

5 New Ways To Update Your Zenith Bank BVN

Sometimes, inconspicuous human error can lead to documenting wrong details when one is applying for BVN in Nigeria. So here are the quick Five Ways to updating your Zenith Bank account BVN. 📱 Update your BVN without internet by dialing *966*BVN# 🌐 update your BVN by visiting Zenithbank.com/bvn 🖥️ Log on to Zenith Bank internet banking 🏦 visit any Zenith Bank branch Nationwide 📞 Call Zenith direct on +23412787000,+23412927000 You Can Now Open Account with Zenith Bank with ZERO NAIRA! Simply dial *966*0# Or visit any Zenith Bank branch Nationwide to get started
Post a Comment
Read more

Zenith Bank Verve Card Promo | Win Up To ₦25,000!

Once again Zenith Bank is out with it's timely promo. And this time you stand the chance of winning up to N25,000. HOW TO WIN STEP 1 All you have to do is to just request for a Verve card at any Zenith Bank branch. STEP 2 activate it and stand a chance to get your 1000 Naira card cost back or perform a POS or Web transaction of more than 50,000 Naira and get 25,000 Naira back! What are you waiting for? Quickly Visit Any Zenith Bank Branch In Nigeria to get started CONDITIONS ON WINNING At every quarter during the promo period, top 20 Customers who perform POS or WEB transactions worth over N50,000 monthly will be rewarded with a cash price of N25,000 each. Every month during the promo, the first 500 customers who request for a Verve card, activate & use will be rewarded with N1,000 card issuance fee cashback. Terms and conditions Apply
Post a Comment
Read more

UBA Transaction And Useful codes 2019

UBA all Transaction And Useful codes. Just A new customer of UBA? Here are some five useful codes that can help you. HOW TO OPEN ACCOUNT. To open a new UBA account with your phone simply Dial *919#, then follow the instruction you see, after this your account number will be sent to the phone number you used to dial the code. Then Visit a UBA branch to have your BVN linked to this new account so that you upgrade the account limit. Dial *919# now to open a UBA account on your phone right from the comfort of your home. HOW TO TRANSFER MONEY To transfer money from your UBA account to another UBA account number dial *919*3# on the phone number you registered with your account at UBA, followed by the account number and amount.E.g *919*3*account number*amount#, the account number you’re to enter is not your own account number but the account number you want to send the money to. Don’t forget, *919*3*account number*amount# . If you wish to transfer to another bank from UBA account...
Post a Comment
Read more