Magu stated this on Friday, while speaking at a round table meeting with managing directors of financial institutions in Nigeria.

The EFCC boss spoke on the theme: “Roles and Obligations of Managing Directors of Banks in Nigeria in Curbing Vote Buying During an Election, Illicit Financial Flows and Other Related Matters in Nigeria”.

He said: “It is worrisome to note that in 2018, statistics available to the EFCC shows that out of about 28 commercial banks in Nigeria, 10 banks evacuated out of Nigeria through Travelex Nigeria Limited the sums of GBP- 50,832,560; USD-8,057,756; EURO-39,986,560 and RAND-7,500,000. The reasons for these evacuations are still sketchy. We must note that the impact of illicit financial flows from the country undermine the stability and integrity of the financial institutions.”

According to Magu, intelligence reports have shown that banks are aiding their customers to receive foreign financial inflows to their accounts in neighbouring countries, where they have branches like Ghana, Republic of Niger and other West African countries.

“The money is then couriered into Nigeria through the land borders to circumvent declaration and reporting,” he stated.

Describing them as “gatekeepers”, Magu said no country could control illicit financial flows, without the cooperation of financial institutions.

The post EFCC accuses 10 banks of money laundering first appeared on MegaIcon Magazine.

The post EFCC accuses 10 banks of money laundering appeared first on MegaIcon Magazine.

It said the plot was to use thugs who would pretend to be working for Dr Kayode Fayemi, the Minister of Mines and Steel Development and Candidate of the All Progressives Congress (APC) in the July 14 gubernatorial election in Ekiti.

Oni had warned that he would leave the APC if his supporters were victimized.

On Saturday, a statement by Yinka Oyebode on behalf of the JKF Campaign Office, said the alleged plan, which had reached advanced stage, “was designed by Governor Fayose as part of the efforts to cause disharmony among the two former governors of the state as well as their supporters.

“According to information, the assailants would carry out the dastardly act, wearing JKF branded materials and making insinuations that would establish a possible link to the Fayemi political camp.

“Security agencies in the state are hereby alerted to this clandestine move by the PDP goons aimed at introducing violent dimension to the politics of the state ahead of the July 14 governorship election.

“We urge all supporters and members of APC to remain vigilant, shun any form of violence during this electioneering period and report any act of intimidation to the law enforcement agencies.

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“The Campaign office reiterates the position of the APC leadership that all members of the party should unite and work together for the success of the APC in the coming elections,” the statement read.

https://iso.keq.mybluehost.me/oyo-pdp-boycott-tomorrows-council-elections-2/

The post Ekiti guber: Fayemi accuses Fayose, PDP of planning to attack Oni’s supporters first appeared on MegaIcon Magazine.

The post Ekiti guber: Fayemi accuses Fayose, PDP of planning to attack Oni’s supporters appeared first on MegaIcon Magazine.