EFCC issues final warning for bank excecutives to declare asset
Over 120 managing directors and top executives of Nigerian banks have been issued final warning by the Economic and Financial Crimes Commission (EFCC) to submit their asset declaration forms.
The anti-graft agency gave the top bankers till June ending to obey the order even as the initial deadline of June 14 has passed.
The EFCC Chairman, Abdulrasheed Bawa, had initially in March given top bankers, among others, till June 1, 2021, to declare their assets in line with the Bank Employees, ETC (Declaration of Assets) Act 1986, with defaulters said to risk 10 years in jail if found guilty by any Federal High Court.
But the anti-graft agency extended the deadline till June 14 to allow bankers to comply with the order effectively.
However, it was learnt that the EFCC chairman had sent a final reminder to all the affected banks executives and given them till the end of June to declare their assets.
“The truth is that this law has been in place for over 35 years, but it was hardly ever enforced and so these bankers would just declare anything or not declare at all. However, the EFCC is now demanding the declaration forms as part of moves to sanitise the system.
“To this effect, the chairman has written a reminder to the banks, asking all top executives to comply latest by the end of June,” an anonymous source said.
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