The chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has urged banks in the country to investigate the sources of income of their potential customers before opening an account for them.
Bawa gave the order yesterday when the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN), led by its chairman, Yinka Tiamiyu, paid him a courtesy visit in Abuja.
He added that starting from Wednesday, September 1, it will no longer be business as usual, warning that the commission will hold banks liable where there are established cases of institutional complicity in fraud in the sector.
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