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Report Bank officials Colluding With Criminal Elements To collect Forex, Says EFCC

The Economic and Financial Crimes Commission has cautioned bank officials against providing foreign exchange to customers who have no intention of travelling outside Nigeria.

The Commander of the Uyo Zonal Command of the Commission, ACE-1 Nwanneka Nwokike stated this during a meeting with the Chief Compliance Officers of Banks in the zone.

According to him, indications have emerged that some bank customers present fake travel documents including false flight bookings, to obtain foreign exchange.

“Always report Bank officials who collude with criminal elements to collect foreign exchange. There are very strong indications that it is happening.

“Therefore proper verification of documents presented by customers for Forex must be done. Again, the Commission will not entertain excuses, and will no longer look away when Banks fail to do their due diligence.

“When you observe such offenders, report them to the Commission and provide their BVN along, because after now, the liability will be on you and I’m sure you don’t want that to happen,” he said.

Recall, the  EFCC under the leadership of Abdulrasheed Bawa, has vowed to clamp down on Forex offenders, be they bank Officials or customers.

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