Bawa Warns Bankers as EFCC Probes UAE-Linked Loot
The Economic and Financial Crimes Commission, (EFCC) received detailed reports of stolen funds and assets kept in the United Arab Emirate, (UAE) by corrupt Nigerians. On behalf of the Human and Environmental Development Agenda, (HEDA Resource Centre), several civil society groups and foreign technical partners, the reports were handed over to the EFCC Chairman, Mr. Abdulrasheed Bawa, in Abuja by Prof Gbenga Oduntan of Kent Law School, University of Kent, United Kingdom, the lead researcher that conducted the investigation into the discovery of the loot. Bawa said the reports will be investigated.
The landmark investigation has stirred national outrage across the country following its public presentation earlier this week. Speaking during the meeting with Bawa today, the Chairman, HEDA Resource Centre, Mr Olanrewaju Suraju, said his group was determined to expose corrupt people where ever they are, adding that fighting noxious funds looted from Nigeria remains one of the focal points of his group.
The illicit proceeds represent some 800 assets out of which 216 are owned by 13 top Nigerian security officials.
In his remark, Bawa who personally accepted the reports praised the efforts of the civil society groups in assisting anti-graft agencies to fight and subdue corruption.
He said the fight against corruption is not an easy task. It is not what EFCC can fight alone. We need to do a lot to make it not attractive for people to steal. If we want to stop illicit funds, we need to stop the inflow.
The EFCC Chairman said the EFCC will go after those involved in illicit financial flow in line with his commitment to fight corruption. He said it is part of the EFCC mandate to retrieve the proceeds of crime cross national jurisdiction.
Bawa said ‘We have a lot of bilateral and international relations and agreements that bring us together with our partner law enforcement agencies in countries under consideration. It is one of our duties to ensure the prevention of the property being taken at all and to ensure they are not taken out of the country. They cannot take the funds out of the country without collaborators’ adding that states and institutions should ensure a honest and transparent procurement procedure.
He said the EFCC values collaboration with civil society groups set up to promote public good. He counselled NGOs not to allow themselves to be used by criminals seeking the primitive accumulation of wealth.
On the request that bankers should declare their assets Bawa said the decision was in good fate and in line with section 7 which empowers the EFCC to probe people suspected to be living beyond their means. He further clarified the position of EFCC to the effect that the commission is not forcing any banker to declare but rather alert the bankers to the effect that from June 1, 2021, the Commission will, in the course of investigations, demand the assets declaration of Bankers in accordance with the Bankers Assets Declaration Act through the Secretary to Government of the Federation Office.
At the meeting were top EFCC officials, leaders of civil society organisations from across the including among others, the Civil Society Network Against Corruption, (CSNAC), Journalists for Democratic Rights, JODER, Dr Abdulkareem Tukur and Social and Economic Rights and Accountability Project, (SERAP)