THE Economic and Financial Crimes Commission (EFCC) has summoned two bank managing directors (MDs) to appear before it on April 18, over allegations of money laundering.  Seven other MDs are also being probed for colluding with some government officials to hide over N5 billion stolen from pension fund.

A source close to one of the two bank chiefs invited for interrogation over issues of money laundering, said that the EFCC’s invitation letter was personally signed by the chairman of the commission, Mrs. Farida Waziri.

They were said to have been invited by the agency over the operation of some coded accounts in their banks with which they allegedly aid money laundering.

An anonymous source at the EFCC also disclosed that the commission was monitoring activities of some banks closely to reduce money laundering, especially campaign funds.

The spokesman of the EFCC, Femi Babafemi, told The Guardian that he was aware that the commission was investigating some high profile cases, which were being kept away from the public at the moment because of elections. He added, however, that the process of interacting with bank officials was a routine.

He said he could not confirm whether the chairman signed any specific letter as regards the two bank chiefs, each of whom belongs to an old and a new generation bank.

Posted by admin on Apr 14 2011. Filed under EFCC Politics, Headlines. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry