"We will soon go after bank MDs" - EFCC Chairman, Ibrahim Magu

Ibrahim Magu, Chairman of the Economic and Financial Crimes Commission says private banking is illegal and the anti-graft agency will soon go after Managing Directors of different banks...
He said:


"We had a discussion with the
governor of the Central Bank
of Nigeria and I insisted that
this so-called private banking
should be stopped. It is illegal.
It is wrong. We are not only going after the personnel of
the banks but also after the
banks.

What happens is that when a
staff of the bank is involved in
such activities, what the bank does is to take the person out
of the system through
dismissal. But now, we are
going to go after the banks
and the personnel used to
perpetrate the fraud. It takes two to tango.

In fact, very soon you will see us going after the Managing Directors
of the banks. We don’t care
what happens because the
right thing has to be done. These people have given a lot
of room for the money
laundering activities to thrive.
They were used to hide all the
stolen money"

Source - Vanguard