The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has pledged to clean up Nigeria’s financial sector to foster economic growth.
He made this commitment at the 17th Annual Conference of the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja.
While commending the CIBN for its efforts in shaping effective economic policies, Olukoyede highlighted that the majority of financial fraud recorded by the commission has occurred within the banking sector. He revealed that in the coming months, the EFCC plans to impose strict penalties on offenders, expose complicit banks, and prosecute high-ranking officials involved in financial misconduct.
This year’s CIBN conference brought together key government officials from across West Africa, along with leading experts in banking and finance, with the collective aim of stabilizing Nigeria’s economy for the future.
