EFCC, CIBN to collaborate against bank fraud

By Deborah Hassan 

365Daily – The Chartered Institute of Bankers of Nigeria (CIBN) and the Economic and Financial Crimes Commission (EFCC) have resolved to strengthen their collaboration in tackling corruption in the financial sector.

A statement issued by EFCC’s Head of Publicity, Wilson Uwujaren, on Tuesday, June 1, 2021, said the chairman of CIBN, Bayo Olugbemi, made this known on Monday, May 31.

Olugbemi made the disclosure while speaking during a courtesy visit to the EFCC’s headquarters in Abuja on Monday.

He stressed the need to sanitise the financial sector by getting rid of bad elements in the banking sector.

Going further, he expressed optimism that his agency’s engagement with the EFCC will “foster advocacy, propose laws and its amendments, enhance character audit and uphold ethics and professionalism.”

Furthermore, he requested EFCC’s assistance in training and certification that will assist the institute in dealing with emerging challenges.

The CIBN mooted the idea of having a memorandum of understanding, MoU, which would moderate the activities of the two organisations.

In his remark, the Director of Operations, Abdulkarim Chukkol, who stood in for the Executive Chairman, Abdulrasheed Bawa, appreciated the team for their visit; stating that the EFCC was ready to collaborate with stakeholders in enhancing the fight against corruption.

“The EFCC alone cannot fight this crime, we understand that there will be challenges, it is the collective responsibility of everyone and we are ready to continue this conversation beyond here,” Chukkol said.

 

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