The Central Bank of Nigeria and the Economic and Financial Crimes Commission EFCC, has agreed to cooperate, under the inter-agency framework, to strengthen the country’s fight against economic crimes.
Officials of the two government agencies, who met at the Head Office of the Central Bank of Nigeria in Abuja, may, among other things, make good the earlier threat by the Governor of the Central Bank of Nigeria Mr Godwin Emefiele, to bar culprits from opening bank accounts in Nigeria, as test case.
A Director in the Central Bank, Mr Jeremiah Abue, affirmed the Bank’s readiness to improve the level of information-sharing and surveillance of the financial sector.
He noted that the inter-agency meeting provided an opportunity for the two entities to share experiences and peculiar challenges in the fight against economic related crimes.
According to him, they adopted strategies aimed at curtailing the unwholesome activities of economic saboteurs, which include smuggling of commodities like rice, textile materials, fertilizer, wheat and other items on the prohibition list for accessing foreign exchange through official window, as well as tracking illicit financial flows among others.
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