The Central Bank of Nigeria (CBN), yesterday, August 1, 2015, vowed to sanction money deposit banks that aid individuals to launder money.
Ibrahim Mu’azu, director, corporate communications, CBN, in a statement stated it is expected of banks to be on guard against money laundering given the report by the Global Financial Integrity group that ranks Nigeria as one of the 10 largest countries for illicit financial flows in the world, with an about US$15.7 billion of illicit funds annually.
CBN Governor, Godwin Emefiele.
“In the light of this avoidably negative commentary, we wish to draw the public’s attention to several protocols on illicit fund flows, money laundering and terrorism financing both in Nigeria and around the world and warn that the CBN will increase its vigilance to ensure that Nigerian banks are not used as conduits for illicit fund flows, especially in foreign currencies.”
The CBN also noted that Nigerian banks have started controlling the acceptance of foreign currency cash deposits just like customers in other countries cannot make foreign currency cash deposits without proper documentation.
The CBN however, said the federal government will block every avenue to facilitate money laundering, corruption, and terrorism financing.
No comments:
Post a Comment