To give further impetus in the fight against corruption, money laundering, illicit funds and terrorism financing, the Economic and Financial Crimes Commission ( EFCC) is collaborating with the Committee of Chief Compliance Officers in Nigeria (CCCOBIN).



The acting Chairman of the agency, Mr. Ibrahim Mangu while receiving the team from CCCOBIN in his office said he wanted to improve the relationship between both organizations as EFCC cannot perform effectively or work in isolation without the cooperation of banks as the major conduit those illegal activities take place.


He added that the organisation was very important and key in the fight against corruption in the country, stressing that without financial stability there would be no peace, noting that banks should be able to balance their motives as a profit making entity and national security.

Mangu stated: "‎ i was thinking of attending your next meeting, I want us to improve the relationship, I don't mind if we can organize some meetings, you are very important and key in the fight against corruption, illicit funds and money laundering.

"We cannot do our work effectively without you. There is need for us to work together, we must collaborate, that's the only way we can move forward," he said.

The anti-graft agency however lamented that there are some cases whereby suspects under investigation were tipped off by bank officials; while also calling on‎ banks to help the agency in follow up of customers, and make sure customers data are updated from time to time for easy track up.


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In his remarks, the Chief Compliance Officer, Mr. Pattison Boleigha‎ said the purpose of the visit was to give support and collaborate with the agency as banks are the major conduit at which all these illicit funds take place, adding CCCOBIN is a major stakeholders in the fight against corruption, money laundering my terrorism financing.
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The team also used the avenue to inform the EFCC boss about the 2015 Compliance Conference taking place a‎t Civic Center‎, Victoria Island, Lagos between November 25th and 26th, 2015.

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Reacting to the tip off problem mentioned by the anti-agency, Boleigha ‎said; " what we would do as banks and as Chiefs Compliance of Banks to e‎nsure that those cases of tip off don't happen in future is that basically as custodians of the financial system we are supposed to ensure that all our staffs are knowledgeable and understand the law guiding against money laundering and terrorism