EFCC, CIBN intensify collaboration to tackle bank fraud

The Chartered Institute of Bankers of Nigeria, CIBN and the Economic and Financial Crimes Commission, EFCC have resolved to strengthen their collaboration in tackling corruption in the financial sector.

Speaking during a courtesy visit to the EFCC’s headquarters in Abuja, the chairman of the Chartered Institute of Bankers of Nigeria, CIBN, Bayo Olugbemi stated that there was a need to intensify collaboration and sought the support of the EFCC in sanitizing the financial sector.

While noting that there are bad elements in the banking sector, Bayo expressed optimism that the engagement with the EFCC will “foster advocacy, propose laws and its amendments, enhance character audit and uphold ethics and professionalism”.

He further requested EFCC’s assistance in training and certification that will assist the Institute in dealing with emerging challenges.

The CIBN mooted the idea of having a memorandum of understanding, MoU, which would moderate the activities of the two organizations.

In his remark, the Director of Operations of EFCC Abdulkarim Chukkol, who stood in for the Executive Chairman, Abdulrasheed Bawa, appreciated the team for their visit; stating that the EFCC was ready to collaborate with stakeholders in enhancing the fight against corruption.

“The EFCC alone cannot fight this crime, we understand that there will be challenges, it is the collective responsibility of everyone and we are ready to continue this conversation beyond here,” Chukkol said.