Ibrahim Magu, acting Chairman of the Economic and Financial Crimes Commission, EFCC, has accused Nigerian banks of creating a friendly atmosphere for looters to operate.
“I don’t trust the financial institutions. They create an enabling environment for thieves to loot our money. That is why they are fighting to remove the NFIU from us. They want to use a former managing director of a bank to head the NFIU,” he said.
The EFCC boss was quoted to have said this in a Facebook post on Friday during a visit by delegation of the International Monetary Fund in Abuja.
The Senate on Thursday passed a bill seeking to establish the Nigerian Financial Intelligence Agency barely a week after it was sponsored in the chamber.
The powers and funding of the EFCC will be greatly reduced should the NFIU be separated from the commission.
Magu had last week inaugurated a committee to re-position the NFIU, which was recently suspended by the Egmont Group of Financial Intelligence Units.
The unit was suspended due to its lack of autonomy and absence of a proper operational framework.
The EFCC spokesperson, Wilson Uwujaren, in a statement said, “the committee which has members drawn from law enforcement, financial and regulatory agencies is chaired by Dr. Abdullahi Shehu, a former Director-General of the Inter-Governmental Action Against Money Laundering in West Africa.
“Other members of the committee are Chidi Chukwuka from the Nigeria Deposit Insurance Corporation; Bamanga Bello, Head of the Special Control Unit against Money Laundering; Hajia Jamila Yusuf of the Central Bank of Nigeria; Udofia Obot, a former Deputy Director, CBN; while Joke Liman of the EFCC is to serve as secretary.”
- Bola Kougbe