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No major fraud committed without connivance of bank officials, says EFCC

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The Economic and Financial Crimes Commission (EFCC) says there is no major fraud committed in the banking sector without the connivance of bank employees.

Michael Nzekwe, commander of the Ilorin zonal command of EFCC, spoke on Thursday during an interactive session with banks’ compliance officers from Kwara and Kogi states.

He said banks’ compliance officers played a crucial role in the fight against economic and financial crimes.

Nzekwe said the meeting was aimed at building a stronger relationship between the staff of banks and the commission in the fight against corruption.

He urged them to be diligent and avoid being complicit in fraudulent financial practices in the sector.

“We invited you here today to nourish our existing relationship, educate ourselves on the new trends in cybercrime and seek areas of further collaboration as stakeholders in the fight against economic and financial crimes in Nigeria,” Nzekwe said.

The zonal commanders told the bankers to adhere strictly to banking rules, regulations and be diligent in the discharge of their duties.

On the issue of “know your customer (KYC)” and “know your customer’s business (KYCB)”, Nzekwe asked the bankers to take the two requirements seriously as it would help to keep fraudulent customers at bay.

“We advise that as bankers, you carry out due diligence and know your customers. By doing this, you save yourselves from trouble and make our job easier,” he said.

“There is no major fraud, especially money laundering, that is ever committed without the connivance of bank officials.”

Nzekwe also emphasised the need for bankers and EFCC operatives to be on the same page as new trends in cybercrimes continue to unfold.

He encouraged the bankers to share necessary information and report suspicious transactions to the commission.

Some of the participants spoke on the need for regular meetings in order to build a stronger tie between the banks and the EFCC.

While urging the EFCC to be unrelenting, they assured the commission of their support by offering necessary information that could assist its fight against economic and financial crimes, especially illicit transactions in the banking sector.

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Ododo surrenders Yahaya Bello to EFCC

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Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Yahaya Bello, former governor of Kogi state.

TheCable understands that Usman Ododo, Kogi governor, brought Bello to Abuja this morning and invited EFCC to come pick him up.

The EFCC had charged the former governor with alleged money laundering, breach of trust, and misappropriation of N80.2 billion.

In April, the commission declared Bello wanted after several attempts to arrest him proved unsuccessful.

On August 20, the court of appeal in Abuja ordered Bello to surrender himself for arraignment.

Ola Olukoyede, EFCC chairman, would later allege that Bello withdrew $720,000 from Kogi coffers to pay his child’s school fees in advance.

The anti-graft agency also filed a 19-count charge against Bello over alleged money laundering.

However, the arraignment was stalled due to the absence of the former governor.

In May, Abdulwahab Mohammed, counsel to Bello, told the court that the former governor’s whereabouts remain unknown and that he was nurturing some safety concerns.

On August 20, the court of appeal in Abuja ordered Bello to surrender himself for arraignment.

Dele Oyewale, EFCC spokesperson, had said the court’s ruling was a “vindication” of the EFCC’s stance that Bello must face trial.

Sources had told TheCable that Bello has been hiding in plain sight — holed up in the “protective custody” of the Kogi state government — since he was declared wanted by the EFCC.

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Tinubu writes reps, seeks Oluyede’s confirmation as COAS

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President Bola Tinubu has asked the house of representatives to confirm Olufemi Oluyede as the substantive chief of army staff (COAS).

Tinubu’s request is contained in a letter read by Tajudeen Abbas, speaker of the house of representatives, during plenary on Tuesday.

Tinubu said Oluyede’s confirmation is in accordance with the provision of section 218(2) of the 1999 constitution as amended and section 18(1) of the Armed Forces Act.

The president said the army chief’s contribution to the military and Nigeria makes him “well-suited” for the role.

He said Oluyede has been professional in his duties, adding that his confirmation should be done “expeditiously”.

On October 30, Tinubu appointed Oluyede as the acting COAS following the prolonged illness of Taoreed Lagbaja, the former army chief.

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Governor Nwifuru suspends health, housing commissioners

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The Ebonyi State Governor, Francis Nwifuru, has suspended the state Commissioner for Health, Dr. Moses Ekuma and his Housing and Urban Development counterpart, Francis Ori.

It was gathered that they were suspended on Monday during the State Executive Council meeting in Abakaliki, the state capital.

A statement issued by the Commissioner for Information and State Orientation, Jude Okpor, which was sighted by our correspondent on Tuesday morning, read, “Following cases of gross misconduct and dereliction of duties by some government officials and matters related thereto, the Chairman of Council directed the indefinite suspension of the Honourable Commissioner for Housing and Urban Development and three months suspension of the Honourable Commissioner for Health respectively.”

It was also learnt that the development may be connected to the alleged theft of pieces of property belonging to the Ministry of Health by its officials and the reported underperformance of the Housing and Urban Development commissioner and his shoddy handling of the Amaeze Housing Scheme in the Ishielu Local Government Area of the state.

Recall that the governor was in the health ministry’s premises on Saturday night and met a scene where six officials were caught allegedly diverting government materials.

He, therefore, ordered their arrest and eventual prosecution.

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