Nigerian Financial Institutions Help Criminals To Evade Justice ~ICPC

Nigerian banks have been accused of aiding crime and corrupt practices in the country with some of them opened accounts for criminals and offered them services to helped criminal acts.

According to the Independent Corrupt Practices and Other Related Offences Commission (ICPC), unethical investors are undermining the ethics of the banking industry. Bolaji Owasanoye, head of the commission spoke during his visit to the Bank of Industry (BOI)in Abuja.
A spokesperson for the commission, Rasheedat Okoduwa, said in a release that Owasanoye said the ICPC would ensure continuous clampdown on corrupt elements in the industry.
“The ICPC chairman has pledged the commission’s commitment to working together with financial institutions in order to rid them of corrupt elements. The chairman expressed concerns at the complicity of a few of Nigeria’s financial services industry in the ruination of the country, stating that one bad apple can ruin the entire bunch,” said the statement.
“He described how some financial institutions condone unethical conducts by opening accounts for criminals and how they use innuendos to make suggestions of criminality to lure customers. He also pointed out that unethical investors undermine the ethics of the industry, and promised to deal decisively with the likes of them who infringe the law,” it added.
While calling on stakeholders in the industry to work with the anti-corruption agency, the ICPC boss noted that doing so would help in isolating the corrupt elements in the system.