Ibrahim Magu, acting chairman, Economic and Financial Crimes Commission (EFCC), has claimed that fraudsters now work in Nigerian banks and also accused banks of conniving with Bureau De Change operators to launder money.
Magu, who spoke at recent meeting with compliance officers of banks in the south-south zone, said fraudsters now work in Nigerian banks.
“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” Magu said.
“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.” He added.
