The Economic and Financial Crimes Commission EFCC, says the commission is the appropriate agency to handle the proposed assets declaration Act by bank employees.
The Chief of Staff to the chairman of the EFCC, Mrs.
Hadiza Zubairu, stated this while presenting their position at a public hearing on a bill for an Act to amend the bank employees’ declaration of assets Act to reflect prevailing situation in the country.
Mrs.
Zubairu, stated that the commission is in support of the proposed assets declaration by the spouses of bank employees.
“This is because when dealing with issues of money laundering and other financial crimes everybody is involved.
“I urge that the title of the bill be changed from bank employees to financial institutions employees’ assets declaration bill” the EFCC representative argued.
The Governor of the Central Bank of Nigeria, CBN, Dr Godwin Emefile, represented by a director in the apex bank, Mr Abubakar Shebe, applauded the bill for designating the CBN along with other regulators in the financial services sector as the appropriate authority responsible for the implementation of the act.
“This would enable the CBN to utilize its existing internal resources to effectively ensure the observance of the provision of the act by employees of banks and other financial institutions within the purview of the bank” he said.
Mr Shebe also called for the exclusion of the management and staff of the CBN in the Act.
The Nigeria Labour Congress NLC, represented by its Director of Research, Dr Onoho Ebhohimen, however opposed the bill, saying bank employees are not public but private employees.
The Chairman Code of Conduct Tribunal, Danladi Umar demanded an amendment to the section of the act which states that the act can also be applied to personnel of the Nigeria Customs.
The Speaker, Mr.
Femi Gbajabiamila, represented by the House Leader, Alhassan Ado-Doguwa, explained that the Bill seeks to strengthen legislations that would ensure that operators in the banking system act with utmost integrity.
Emmanuel Ukoh
Nigeria’s Financial Crime Commission seeks authority to receive bank workers’ assets declaration
Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn
Read Related News On TDPel Media
Advertisement
Nigeria’s Financial Crimes Commission seeks authority to receive bank workers’ assets declaration: The Economic and Financial Crimes Commission EFCC, says the commission is the appropriate agency to handle the proposed assets declaration Act by bank employees. The...
PDP and LP Demand Public Declaration of Assets by President Tinubu and VP Shettima: …By Dorcas Funmi for TDPel Media. The Peoples Democratic Party (PDP) and Labour Party (LP) have demanded that President Bola Tinubu and Vice President Kashim...
Workers at Civil Aviation Authority Vote Overwhelmingly for Industrial Action: Members of the Prospect union, representing workers at the Civil Aviation Authority (CAA), have given a strong mandate for industrial action amid a pay dispute....
Nigerian Asylum Seeker Seeks Police Declaration of Being Wanted for Embassy Asylum Application: Nigerian Asylum Seeker’s Astonishing Request: Seeking Police Declaration for Asylum Application: In an unexpected turn of events, Benjamin Hundeyin, the Lagos State Police Command Spokesperson,...
African Development Bank’s African Leaders for Nutrition lauded by African Union during Assembly declaration of 2022 as “African Union Year of Nutrition”: The African Union has recognized the African Leaders for Nutrition program, which is based at the African Development Bank (www.AfDB.org), for its progress in increasing...
South Africa’s New national minimum wage – domestic workers receive 21.5% increase: Labour Minister Thulas Nxesi announced the 2022 National Minimum Wage (NMW) increases on Tuesday, 8 February. From 1 March workers will be entitled to an...
Lasdri seeks partnership with nigerian ports authority to reduce truck accidents : In its bid to reduce the rate of accidents involving articulated trucks to the barest minimum, the Lagos State Drivers’ Institute (LASDRI) has sought a...
Ghana Central Bank Suspends Forex Licenses of Guaranty Trust Bank and FBN Bank Amidst Regulatory Breaches: Ghana’s Central Bank has taken decisive action by suspending the foreign exchange licenses of Guaranty Trust Bank and FBN Bank for a period of one...
INTERNATIONAL WORKERS’ DAY: SANWO-OLU SALUTES LAGOS WORKERS, URGES THEM TO REMAIN PRODUCTIVE : As workers across the world celebrate International Workers’ Day, the Lagos State Governor, Mr. Babajide Sanwo-Olu has urged Nigerian workers, especially public and private workers...
Vatican finance trial: Financial authority joins trial as civil party: Vatican finance trial: Financial authority joins trial as civil party. A hearing in the Vatican finance trial is held on Nov. 17, 2021. / Vatican...