The Economic and Financial Crimes Commission (EFCC) has
disclosed that due to the current anti-corruption war, looters have stopped
keeping money in banks and have resorted to storing cash in their abandoned
properties.
The acting Chairman of the EFCC, Mr. Ibrahim Magu, said this
at a workshop titled, the ‘Role of Professionals in the Fight Against
Corruption’ in Abuja on Friday.
Magu said, "People are now scared of keeping monies in
banks, as it can be traced easily. Monies are now kept in abandoned houses in
the country."
He also charged bureau de change operators and financial
institutions to desist from being used as conduit pipes to launder money.
According to him, "BDCs move billions of naira in a day and
there is no proper documentation of money laundered. I appeal to the BDCs
to stop that, as we will begin to prosecute bureau de change operators to serve
as deterrent. Bankers are also involved in corrupt acts, as they don’t carry
out due diligence.’"
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