Home / E GIST / Infrastructure Regulatory Commission DGM Chidi Izuwah is dead; Buhari reacts

Infrastructure Regulatory Commission DGM Chidi Izuwah is dead; Buhari reacts

Media mogul, Dele Momodu, has kicked in opposition to the decision by the Financial and Monetary Crimes Fee (EFCC) directing all bankers and different operators within the Nigerian monetary system to declare their property by June 1, 2021.

EFCC Chairman, Abdulrasheed Bawa, gave the order on Tuesday after a gathering with President Muhammadu Buhari.

The EFCC boss disclosed that the transfer turned vital to dam loopholes being exploited by unscrupulous gamers within the sector to undermine Nigerian financial system by way of cash laundering and illicit monetary flows.

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In response to him, Part 1 of the Financial institution Staff, ETC. (Declaration of Property) Act 1986 makes it necessary for each worker of any Financial institution to make full disclosure of property upon employment, and yearly in subsequent years.

The penalty for violation of the Act, as spelt out in part 7(2) contains imprisonment of ten years for bankers.

Reacting, Momodu urged the anti-graft company to begin declaration of property from authorities companies and politicians not banks.

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In response to him, Nigeria just isn’t in a army regime and banks belong to personal sector

His tweet learn: “Are we in a army regime? Why not begin with authorities companies and politicians? Banks belong largely to the personal sector.”

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