The Economic and Financial Crimes Commission, EFCC, has asked all Managing Directors of banks, their deputies and Executive Directors to submit their asset declaration forms.
The directive to the bank managers was conveyed in a June 1, 2021 letter to all banks.
“In line with the decision of the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa to demand for the assets declaration forms filed by bankers beginning from June 1, 2021, the commission has demanded for the assets declaration forms of the executive management of all banks in the country, ” said a source.
“The request is pursuant to the Bank Employees, Etc. (Declaration of Assets) Act, 1986, which mandates bankers to declare assets upon employment and annually thereafter.
“Violators of the law risk imprisonment for a term of up to ten years.”
The top executives are first on the list of bankers expected to declare their assets