ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Thursday, October 9, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Headline

EFCC Cautions Nigeria Banks To Stop Shielding Fraudulent Customers

Zonal Commander, Michael Nzekwe noted that the officials hold sensitive positions and are key to the fight against economic and financial crimes.

by NewsOnline Nigeria
May 12, 2023
in Headline, Crime Watch
0
Former Refinery MDs

EFCC

EFCC has cautioned Nigeria Banks to stop shielding fraudulent customers.

 

NewsOnline reports that the Economic and Financial Crimes Commission (EFCC) has warned banks and compliance officers to stop shielding customers complicit in financial malpractices.

 

The commission issued the warning on Friday in Ilorin during a meeting with senior compliance staff from Kwara and Kogi States.

 

ALSO: PDP Reconciliation Plans Fail As Wike, Makinde, Others Shun Parley With Atiku, Party Leaders

 

Zonal Commander, Michael Nzekwe noted that the officials hold sensitive positions and are key to the fight against economic and financial crimes.

 

Nzekwe said the parley was to educate banks on new trends in cybercrime and seek areas of further collaboration as stakeholders in the battle.

 

On ‘Know Your Customer (KYC)’ and ‘Know Your Customer’s Business (KYCB)’, the official advised them to routinely carry out due diligence.

Nzekwe said this would save them from trouble, make the work of EFCC easier, and help to keep fraudulent customers on the radar.

 

“There is no major fraud, especially money laundering, that is ever committed without the connivance of bank officials,” he stressed.

 

Nzekwe advised financial institutions to adhere strictly to bank rules, regulations and be diligent in the discharge of their duties.

 

Bankers are expected to share necessary information and report suspicious transactions to the commission, the commander added.

ADVERTISEMENT
Previous Post

How To Make Homemade Coconut Oil For Hair Growth

Next Post

President Buhari Presents Appointment Letter To Och’Idoma

Next Post
Och’Idoma

President Buhari Presents Appointment Letter To Och’Idoma

Trending Stories

No Content Available

Latest Stories

Nigeria Police

BREAKING: Nigeria Police Suspend Enforcement Of Tinted Glass Permit

OPay

OPay Faces Mounting Scandals as Fraud Cases, Legal Disputes Erode Public Trust

Moniepoint

Moniepoint Records $1.2 Million Loss in First Year of UK Operations Amid Expansion Drive

Adunni Ade Wins ₦20 Million Court Case Amid Alleged Romance Rumours With Dino Melaye

2026 WCQ: Gernot Rohr takes club to FIFA over refusal to release Tosin Olaitan

2026 WCQ: Visa Issues May Prevent Olusegun from Featuring in Super Eagles Clash Against Lesotho

Offset speaks on rumoured affair with Saweetie, failed marriage to Cardi B

BBNaija Season 10: Jason Jae breaks silence on rumoured affair with Temi Kosoko

BBNaija Season 10: Koyin says there’s no future with Isabella

National Assembly Bills

Tinubu Withholds Assent to Two National Assembly Bills, Cites Fiscal and Policy Concerns

ADVERTISEMENT

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria