Across Nigeria Corruption Matters Main News News

Magu accuses banks of aiding looters

The acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu, has accused banks of creating a friendly atmosphere for looters to operate.

He added that some banks were currently behind the moves to separate the Nigeria Financial Intelligence Unit and the EFCC.

Magu further alleged that when the NFIU is established as a separate agency, a former bank managing director would be named as the head of the agency.

In a Facebook post on Friday, the EFCC quoted Magu as saying this while receiving a delegation of the International Monetary Fund, which visited the commission’s head office, Abuja on Thursday.

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