Top bank executives, officials to face EFCC prosecution soon — Olukoyede 

…Says investigations completed, prosecutions to begin imminently

The Economic and Financial Crimes Commission (EFCC) has revealed that it will soon prosecute senior executives and officials in Nigeria’s banking sector over allegations of financial crimes.

EFCC Chairman, Olanipekun Olukoyede, disclosed this during the 17th Annual Banking and Finance Conference organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja.

Olukoyede confirmed that the EFCC has completed its investigations into several banks and their senior officials, and the findings suggest significant criminal infractions.

He stated, “It is sad that we have also compiled our documents, we have made the necessary investigation. Now very soon, you will see some banks being prosecuted, some top officials being prosecuted.”

The EFCC chairman emphasised the need for severe legal consequences to uphold the integrity of the financial system and deter future violations.

He added, “We need to just do something drastic to bring everybody in line and to make us do the right thing. It’s extremely important. In a system where there is no penal sanction for criminal infraction, that system will never survive.”