The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has urged banks in the nation to interrogate the sources of income of their customers before opening an account for them.
EFCC chairman revealed this information on Tuesday when the Association of Chief Audit Executives of Banks in Nigeria, (ACAEBIN), led by the Chairman, Yinka Tiamiyu paid him a courtesy visit at the Commission`s headquarters, Abuja.
According to Bawa, the bank auditors are to take issues of transparency in banking operations seriously, expanding that starting from September 1, 2021 it will no longer be business as usual as the commission will hold banks liable where there are established cases of institutional complicity in fraud in the sector.
He however, acknowledged the commission’s eagerness to backer with the association in attacking financial fraudsters and related challenges in the banking sector.
I will like to urge you to know your customers, know the kind of businesses they do before opening an account for them because some customers will open an account within a space of two months a huge sum of money is found in the account, So there is need for you to try and query these information including their linked accounts, EFCC chairman said.