Some commercial bank employees are involved in money-related crime in Nigeria, according to the Economic and Financial Crimes Commission (EFCC).
Additionally, the EFCC cautioned commercial banks to stop protecting clients who may be engaging in financial fraud.
In a meeting with top compliance personnel from the states of Kwara and Kogi on Friday in Ilorin, Michael Nzekwe, the EFCC Zonal Commander, revealed this.
He mentioned how important the officials are to the effort to combat economic and financial crimes and how they hold sensitive positions.
According to Nzekwe, the purpose of the session was to inform banks about recent developments in cybercrime and explore potential areas for future cooperation as combatants.
The Zonal Commander urged financial institutions to properly carry out their responsibilities and strictly abide by bank laws and regulations.
He said that no significant fraud, particularly money laundering, had ever been carried out without bank employees’ knowledge.
The Commission made a total of 3785 convictions in 2022, according to a report by the Commission.
