EFCC aims at corrupt assets in UAE, UK, reminds bankers of June 1 plan

Properties in the United Arab Emirates (UAE) and the United Kingdom (UK) purchased by corrupt Nigerians, has now come under target of the Economic and Financial Crimes Commission (EFCC).

Abdulrasheed Bawa, the EFCC Chairman, On Wednesday, hinted that the commission will go after such assets.

The EFCC Chairman spoke while receiving a document from a coalition of Nigerian Civil Society Organizations led by the Human and Environmental Development Agenda (HEDA).

The HEDA Chairman, Olanrewaju Suraj, presented the ‘Fixing Nigeria’s Illicit Financial Flows’ report compiled by Professor Gbenga Oduntan of Kent University.

Bawa charged citizens to be vigilant and play their part in checking the illicit flow of the nation’s resources out of the country.

“It is one thing for properties to be taken to the UAE and the UK, it is another thing that we ensure that you don’t have the opportunity to take them out in the first instance,” he stated.

Bawa promised a more proactive approach to law enforcement and the fight against corruption.

ALSO READ: Presidency says Buhari will govern from any where

The financial watchdog chief explained that part of EFCC’s mandate is to ensure that proceeds of crime are identified and repatriated.

“It is not an easy task. UK, UAE have their laws and procedures, but we have agreements that we are signatories to, to discuss issues of information sharing, investigation as well as repatriation of ill-gotten assets,” he added.

Bawa, however, reacted to the controversy his statement on assets declaration by bankers generated.

He reminded critics that the EFCC has the power to demand asset declaration forms of Nigerians in both private and public sectors.

“EFCC said look, come June 1, we will be demanding for copies of bankers’ asset forms. We never said come and declare to us. We have studied the law, we have the power,” he noted.

Bawa stated that corrupt persons and organisations taking funds out of Nigeria were not perpetrating illegality alone.

ALSO READ: Amaechi says he begged Niger govt to allow Nigeria construct rail way for them

“They are conspirators; engineers, professionals, accountants and financial institutions are helping them,” he added.

The Centre for Human Rights and Social Justice (CHRSJ) said bankers should not be afraid of revealing their assets if they had nothing to hide.

The organization accused financial institutions and their officials of aiding and abetting criminals.

Related Articles

Popular Articles