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EFCC, Banks Seek Collaboration Toward Financial Crimes

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The Economic and Financial Crimes Commission (EFCC) has pledged to deepen its collaboration with the Committee of Chief Compliance Officers (CCO) of commercial banks to eliminate financial scam.

The collaboration was the fallout of a recent meeting between the two bodies in Lagos at which they stressed the need for mutual trust and respect in sanitising the nation’s financial sector.

The EFCC Chairman, Ibrahim Lamorde, said that banks were not targets of investigations, but the criminals who use bank platforms to commit crime or launder proceeds of crime.

“Unfortunately, some banks, perhaps as a result of nascent pressure to post profits, shelter criminal elements to the detriment of the law,” he said.

According to Lamorde, Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) remain a partnership between law enforcement and regulators on one side and reporting entities on the other side.

The EFCC chairman also urged banks to support law enforcement agents, adding that there was need to further expose law enforcement officers to the dynamics of AML/CFT.

“It is not expected that the bank should play the role of a law enforcement officer, but at the same time, the bank must discharge all the AML/CFT reporting obligations required by law.

“Once a bank does that, it has done everything required of it by law.

“Build capacity within your staff and appreciate that the collateral damage of non- compliance will make nonsense of any profit,” Lamorde said.

Earlier, the Chairman of the committee, Mr Pattison Boleigha, who is also the CCO of Access Bank, said that the committee was established in June 2007 with to ensure that banks operated on the same platform.

Boleigha also commended the proactive character of Lamorde and expressed determination to co-operate with the AML/CFT compliance, and promised to support the war against financial crimes in the county. [NAN]

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Nigeria’s Communications Minister, Isa Pantami, Loses 13-year-old Daughter

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Nigeria's Communications Minister, Isa Pantami, Loses 13-year-old Daughter

Communications minister, Isa Pantami

Minister of Communications and Digital Economy, Isa Ali Pantami, has announced the loss of his 13-year-old daughter, Aishah Isa Ali.

The Minister took to his Twitter account on Monday night to announce this sad news.

Pantami stated that the funeral prayer for the deceased will be conducted in Abuja on Tuesday at Annur Masjeed, Wuse 2.

Also Read: Gunmen Evict NIDCOM Staff From Office On Minister’s Order

The post by the minister announcing the incident reads; “Inna lil Laahi wa inna ilaiHi Rajiun! My 13-year old daughter, Aishah Isa Ali (Amal) passed away just a moment ago.

“Due to some necessities, funeral prayer tomorrow at Annur Masjeed, Wuse 2, immediately after Zuhr prayer In sha Allah. May Allah forgive and be merciful to her.”

 

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

Governor Wike

Governor Nyesom Wike of Rivers State has imposed a 24-hour total curfew for two weeks on some parts of Port-Harcourt, the state capital.

The Governor made this known during a broadcast on Sunday where he noted that the curfew begins from Monday 23rd November 2020.

The statement noted that the upsurge noticed by the state government in cases of cult activities, other forms of violence, and killings is responsible for the curfew.

Also Read: Umahi Unhappy With PDP Because Atiku Picked Peter Obi – Wike

Wike in the statement declared that the entire area along and around the Okoro-nodu flyover up to a one-kilometre radius from Saint Emmanuel Anglican Church, Rumuokoro, extending to the Rumuodomaya Slaughter and Local Government daily market will be affected.

He added that no form of trading, human or vehicular movement is allowed in the affected areas until further notice.

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Zamfara Governor Secures Release Of 11 Kidnapped Victims

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Zamfara Governor Secures Release Of 11 Kidnapped Victims

Bello Matawalle

Governor of Zamafara, Bello Matawalle has announced the release of 11 kidnapped victims.

According to reports, ten of the victims were male and a female from Bukkuyum Local Government Area.

Matawalle received the rescued kidnapped victims on Saturday night at the Government House in Gusau, the state capital.

The Commissioner of Security and Home Affairs, Abubakar Muhammed Dauran revealed that the victims were released without paying a ransom.

Also Read: Nigeria still needs SARS, Zamfara gov, Matawalle insists

He stated they were released as a result of the peace initiative and stakeholders meeting summoned by Governor Matawalle with all critical stakeholders from Bukkuyum Local Government Area on Thursday.

Governor Matawalle assured that his administration will not rest on its oars until total peace is achieved in all parts of the state.

 

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