The Economic and Financial Crimes Commission (EFCC) is set to verify the declared assets of top bankers in the country.
This action is coming as a build up to the EFCC’s March 2021 directive to top bankers to present their assets declaration.
Checkout Magazine learnt that more than 500 bank executives, including 120 Chief Executive Officers/Managing Directors and Executive Directors have declared their assets in line with the June 30 deadline set by the EFCC.
The directive was in line with the Bank Employees, etc (Declaration of Assets) Act 1986.
By the enabling Act, defaulters risk 10 years in jail if found guilty by any Federal High Court.
A well-placed source said from the agency’s records that, “there has been substantial compliance with the directive of the EFCC chairman by bank executives.”
“So far, many board members, CEOs, and top managers have turned in their asset declaration forms,” the source said.
In addition, he said: “Although only the EFCC chairman can disclose the actual number of declarants, more than 500 top bankers have done so.
“Some banks have even extended the exercise to their managers and branch managers at all levels.
“The EFCC is set for the next stage which is the verification of the assets of the bank executives. We will soon deploy our teams for verification.
“We are empowered by law to confirm if the assets declared were real; if there are under-declarations or anticipatory declarations or if some declarations are outright falsehood.
“After verification, we will be able to determine any bank executive that has infringed on the enabling Act.”
