EFCC Demands Asset Declaration From Bank Managing Directors, Other Executives

The Economic and Financial Crimes Commission has instructed all Managing Directors of banks, their deputies and Executive Directors to fill and submit asset declaration kinds.

According to Nation, it was learnt that the financial institution prime executives have as much as two weeks to take action or they’d threat 10-year jail time period. 


EFCC Demands Asset Declaration From Bank Managing Directors, Other Executives 2

The prime executives have been the primary on the checklist of bankers anticipated to declare their belongings. 

According to a prime supply, the directive to the Managing Directors, Deputy Managing Directors and Executive Directors is contained in a June 1, 2021, letter to them. 

The supply stated, “In line with the choice of the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa to demand the asset declaration kinds filed by bankers starting from June 1, 2021, the fee has demanded the asset declaration types of the chief administration of all banks within the nation.

“The request for the asset declaration types of the highest executives of banks is contained in a letter to the managing administrators of the banks dated June 1, 2021.

“Listed among the many officers whose belongings declaration kinds are anticipated by the Commission are managing administrators, deputy managing administrators and govt administrators of all of the banks.

“The request is pursuant to the Bank Employees, Etc. (Declaration of Assets) Act, 1986, which mandates bankers to declare belongings upon employment and yearly thereafter.

“Violators of the law risk imprisonment for a term of up to ten years.” 

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EFCC Demands Asset Declaration From Bank Managing Directors, Other Executives

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