- Fear has enveloped the banking sector over today’s deadline issued by the Economic and Financial Crimes Commission (EFCC).
According to them they will begin demanding asset declaration form from bankers as part of measures to enforce the provisions of the Bank Employees, (Declaration of Assets) Act 1986.
According to Daily Sun, some of the bankers spoke to them in separate interviews saying they were making last minutes effort to beat the EFCC deadline.
Section 1 of the Act makes it mandatory for every employee of a bank to make full disclosure of assets upon employment, and annually in subsequent years.
When contacted, Head, Communications and External Affairs Group, Guaranty Trust Bank(GTB), Oyinade Adegite, said the practice of asset declaration is an integral part of the bank’s corporate governance ideals and that it had been complying with such prior to the EFCC directive
EFCC in its latest newsletter for the month of May, says they will be demanding the asset declaration forms of operators in the Nigerian banking sector.
