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The Economic and Financial Crimes Commission (EFCC) is set to prosecute top bankers in Nigeria for involvement in money laundering and other financial crimes. EFCC Chairman Olanipekun Olukoyede announced this at the 17th Annual Banking and Finance Conference in Abuja, revealing that investigations into certain banks and officials have been completed.
Olukoyede highlighted several malpractices, including forex manipulation, fraudulent charges, and money laundering schemes involving politically exposed persons (PEPs). He stressed the need for penal sanctions to curb criminal infractions within the financial sector and protect the nation’s economy.
The EFCC remains committed to collaborating with the banking sector to enforce anti-money laundering laws and combat cybercrime, ensuring compliance with banking regulations for the growth of Nigeria’s economy.z
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