ICPC Accuses Nigerian Banks of Aiding Criminals

The Independent Corrupt Practices and Other Related Offences Commission (ICPC), has vowed to continue clampdown on corrupt elements in the banking industry.

This came as ICPC chairman, Professor Bolaji Owasanoye, decried how some financial institutions are aiding financial crimes through different means.

He accused some financial institutions of condoning unethical conducts through opening of accounts for criminals and using “innuendos to make suggestions of criminality to lure customers.”

According to a statement by ICPC spokesperson, Rasheedat Okoduwa, Owasanoye disclosed this when he welcomed the management of Bank of Industry to the commission’s headquarters in Abuja.

“The ICPC chairman has pledged the commission’s commitment to working together with financial institutions in order to rid them of corrupt elements. The chairman expressed concerns at the complicity of a few of Nigeria’s financial services industry in the ruination of the country, stating that one bad apple can ruin the entire bunch.

“He described how some financial institutions condone unethical conducts by opening accounts for criminals and how they use innuendos to make suggestions of criminality to lure customers. He also pointed out that unethical investors undermine the ethics of the industry, and promised to deal decisively with the likes of them who infringe the law,” the statement read.

ICPC boss then urged stakeholders in the industry to work with the anti-corruption agency, adding that doing so would assist in identifying and dealing with the corrupt elements in the system.


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