Ignorant People Misinterpreted EFCC’s Directive On Asset Declaration – Bawa

EFCC
EFCC Chairman, AbdulRasheed Bawa
  • The EFCC chairman said the directive, which was aimed at clearing “the rot that permeates the nation’s banking sector”

The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, on Monday said the anti-graft agency’s directive to bankers to declare their assets was not to witch-hunt them but to save Nigeria from another serious crisis in the banking sector.

Bawa said going by the rot in the financial institutions, the commission and stakeholders need to sanitize the industry as “Nigeria cannot afford to go through another serious crisis in the banking sector”.

He disclosed this at the opening session of a capacity-building workshop organized by the Nigeria Deposit Insurance Corporation (NDIC) for the law enforcement agencies in Abeokuta, Ogun State.

The EFCC chairman said the directive, which was aimed at clearing “the rot that permeates the nation’s banking sector”, was misconstrued by some people he tagged “ignorant”.

Read also: Why KASUPDA Director-General Was Arrested – EFCC

Bawa, who spoke through the Head of Lagos Zonal Office of EFCC, Ahmed Ghali, vowed that despite the stiff opposition to the policy, the anti-graft agency would not relent in its efforts in sanitizing the country’s financial institutions.

Bawa said, “I recall that upon assumption of office, one of the major pronouncements I made was giving a directive to bankers to declare their assets before June 1, 2021.

“It is obvious that those who kicked or are still kicking against the directive are ignorant of the unmistakable details of the Bank Employees Declaration of Assets Act.

“The nation cannot afford to go through another serious crisis in the banking sector, and this explains the constant intervention by the EFCC.”

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