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Banks are working well with thieves – Magu

*That is why they want NFIU out of EFCC

Acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has accused Nigerian banks of encouraging looters in the country.

Magu blamed banks in the country for creating a friendly atmosphere for looters to steal money, noting that they were doing everything possible to make sure that the Nigeria Financial Intelligence Unit (NFIU), was severed from the agency.

Magu stated this while receiving a delegation of the International Monetary Fund (IMF) who were at the Commission’s Head Office in Abuja.

He said, “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.”

His statement came a few days after the Nigerian Senate voted to separate the Nigerian Financial Intelligence Agency from the EFCC.

The Senate said the move was to enable Nigeria to re-join the Egmont group after it was recently suspended for leaking sensitive financial information to the media.

www.gongnews.net would recall that Abdulrasheed Maina, who was the Chairman of the Pension Reform Task Team (PRTT) in the heat of his fight with the Senate accused banks of having over N4.25trillion cash in their vaults which were hidden on behalf of thieves who had stolen pension monies.

However, Magu did not state whether his Commission would prosecute any bank that is found wanting in keeping monies safe for those who would have looted same from the public treasury.

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