Connect with us

News

EFCC Directs Bankers to Declare Assets by June 1

Published

on

Achike Udenwa

The Economic and Financial Crimes Commission (EFCC) said that operators in the Nigerian financial system, particularly bankers will start declaration of their assets as from June 1, 2021.

The EFCC Chairman, Abdulrashed Bawa, gave this directive on Tuesday while speaking with journalists at the State House, Abuja, after a meeting with President Muhammadu Buhari.

He explained that the commission was worried about the roles of financial institutions in helping criminals to have access to proceeds of their crime.

“The EFCC, come June 1, 2021, will be demanding for this asset declaration forms, filled by the bankers so that the line that we have drawn from June 1 is really complied with by bankers in particular,” Mr Bawa said.

A statement signed by EFCC spokesperson, Wilson Uwujaren, also quoted Mr Bawa as saying that directive was in line with the Bank Employees, ETC. (Declaration of Assets) Act 1986, enacted to ensure adequate measures in sanitising the nation’s financial system.

Mr Bawa said the commission had discussed it and expressed hope that “all financial institutions, particularly the bankers, will declare their assets as provided for by the law, in accordance with the Bank, Employees Declaration of Asset Act.”

He added that action would also help to block some of the loopholes currently exploited by unscrupulous players in the sector to undermine the Nigerian economy through money laundering and illicit financial flows.

Mr Bawa said Section 1, and 7 of the Bank Employees, ETC. (Declaration of Assets) Act 1986, makes it mandatory for every employee of a bank to make full disclosure of assets upon employment, and annually in subsequent years.

“It shall be an offence for an employee of a bank to own assets in excess of his legitimate known and provable income,” Mr Bawa said.

“Let me just put this, we understood that at the tail end of every financial crime is for the criminal to have access to the funds that he or she has illegitimately gotten and we’re worried about the roles of financial institutions”.

He added that the agency has arrested about 300 cybercriminals nationwide between February and March.

“As a young man, I am appealing to all young Nigerians to desist from these cybercrime activities. It is bringing a bad image to our country. It is giving a bad name to our country. It is also chasing away a lot of foreign investment that we need.

“And I call on all parents, guardians, and, of course, elders in the community, in the society to talk to these young people to desist from these crimes.

“These are crimes that they commit online. And of course, there is nothing like patting your back to say go and sin no more. Our laws do not provide for that. It is a crime and as we say in EFCC, EFCC will get you anywhere, anytime,” Bawa said.

Continue Reading
Comments

News

Over 8,000 Nigerian Doctors Now Work In UK, 353 Registered In The Last 100-Day

Published

on

malaria treatment

The United Kingdom (UK) registered about 353 Nigerian doctors in the last 100 days, according to data from the General Medical Council – the body which licenses and maintains the official register of medical practitioners in the UK.

The GMC licensed at least 353 Nigerian-trained doctors between June 10, 2021, and September 20, 2021.

The statistics also showed that between July 24, 2020, and September 21, 2021, about 862 Nigeria-trained doctors were licensed in the UK despite the COVID-19 pandemic.

The data also showed that 8,737 doctors who obtained their degrees in Nigeria currently practice in the UK.

Officials of the National Association of Resident Doctors are speculating that the rate of migration might double in the coming weeks since doctors were not given the right remuneration.

They said that many Nigerian doctors are migrating to Saudi Arabia, which might be more than those moving to the UK.

A poll by NOI in 2018 showed that 88 percent of Nigerian doctors were considering work opportunities abroad, but experts say the figure may be higher due to the rising insecurity and economic crunch.

Continue Reading

News

Elections in Africa Must Follow Democratic Process – Osinbajo

Published

on

foreign exchange market

Africans must continue to make the extra effort in ensuring that elections in the continent go through the democratic process, remain transparent and fair, according to Vice President Yemi Osinbajo, SAN.

He said this yesterday while receiving the President-elect of Sao Tome and Principe, Mr. Carlos Manuel Vila Nova who paid him a courtesy visit at the Presidential Villa.

On the 18th of July, 2021, elections were held in Sao Tome to replace President Evaristo Carvalho, whose tenure expired on 3rd September, 2021. Based on constitutional provisions, an outright winner did not emerge from the polls and a run-off led to the emergence of Mr. Vila Nova, who would be sworn in 2nd October, 2021.

According to Prof Osinbajo “there is no question at all that for those of us in Africa, we must make the extra effort to ensure that the democratic process is very transparent. It is such a pleasure to see that that was what took place in your country which led to your election.”

Speaking about areas of cooperation between both countries, the Vice President said, “we already talked about some of the areas of cooperation…your tenure might be an opportunity to bring some of those things to fruition.”

Prof Osinbajo reassured Mr. Manuel Vila Nova of Nigeria’s support to ensure that “your tenure is as comfortable and effective as possible as partners and friends.”

In his own remarks, President-elect Vila Nova expressed appreciation to President Muhammadu Buhari for supporting Sao Tome and also thanked the Vice President for his attention, stating that Nigeria is a “friendly country” and the relationship between both countries dates back many years.

In attendance at the meeting were the Minister of State for Foreign Affairs, Ambassador Zubairu Dada, and a member of the Sao Tome and Principe’s cabinet, Mr. Americo de Oliveira Ramos.

Continue Reading

Travel

Ethiopian Airline To Resume Flight To Enugu Oct. 1st

Published

on

ethiopian airlines

The Ethiopian Airline said on Sunday it would resume flights to Enugu as from Oct. 1, two years after it suspended flight to the South-Eastern state.

The airline’s General Manager, Shimeles Arage, who confirmed the proposed resumption in a statement issued in Lagos on Sunday, said that every week there would be a flight on Wednesday, Friday and Saturday, with B787 Dreamliner.

“Oct. 1 is Nigeria’s Independence Day and the flight to Enugu on that day will reinforce Ethiopian Airline good relations with Nigeria since the first flight to Nigeria in 1960,” he said.

Arage recalled that the airline stopped flights to Enugu in 2019 when the Nigerian aviation authorities closed the airport to refurbish the runway.

He said before the closure of the airport for runway repairs, Ethiopian was the only international airline flying to Enugu.

The airport was officially re-opened to domestic flights in 2020 and to international flights in Aug. 2021.

Continue Reading




Advertisement
Advertisement
Advertisement

Trending