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EFCC Chairman Ibrahim Magu Accuses Banks Of Aiding Looters

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Acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has blamed Nigerian banks for creating a friendly atmosphere for looters to steal money, noting that they are doing everything possible to make sure that the Nigeria Financial Intelligence Unit, NFIU, is severed from the agency. Magu made the allegation when he received a delegation of the International Monetary Fund, IMF, who were at the Commission’s Head Office in Abuja yesterday July 27th. 

“I don’t trust the financial institutions. They create enabling environment for thieves to loot our money that is why they are fighting to remove the NFIU from us. They want to use a former Managing Director of a bank to head the NFIU” he said

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