Connect with us

News

Bankers’ union seeks more time over EFCC’s asset declaration demand

Published

on

The National Union of Banks, Insurance, and Financial Institutions has called on the Economic and Financial Crimes Commission ( EFCC) to extend the deadline given to bank executives to submit their asset declaration forms.

Ripples Nigeria had reported that the EFCC had issued a final warning to over 120 managing directors and top executives of banks to submit their assets declaration forms.

The anti-graft agency had given the top bankers till the end of June to comply with the directive, although the initial deadline was June 14.

However, speaking with newsmen on Saturday, the President of the Union, Anthony Abakpa, explained that given that court activities were yet to commence fully, top bank officials should be given more time to declare their assets.

READ ALSO: EFCC recovered N6bn, 30 estates in three months – Bawa

He maintained that an extension would enable the officials to meet the demands effectively.

“As I told you earlier, basically, before someone attains a managerial position in a banking institution, it is mandatory that they must declare their assets at a point of entry.

“So, all of them have declared their assets through the EFCC, NBIC (Nigerian Bank for Commerce and Industry), and DSS (Department of State Services) before they came into the position.

“So I don’t think that it is a new thing. They have not been able to keep up with the deadline because the judiciary was on strike. I think they need more time to do it accurately,” he said.

By Victor Uzoho

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Investigations