Nigeria

Asset declaration: Bankers’ union calls for time extension

The National Union of Banks, Insurance and Financial Institutions has called on the Economic and Financial Crimes Commission to extend the recent deadline given to bank executives on the submission of their asset declaration forms.

EFCC had issued a final warning to over 120 managing directors and top executives in regards to the forms.

The anti-graft agency gave the top bankers till June ending to obey the order even as the initial deadline of June 14 has passed.

However, speaking with one of our correspondents via telephone on Saturday, the union’s president, Anthony Abakpa, stated that in view of the fact that court activities had yet to commence fully, top bank officials should be given more time to declare their assets.

Abakpa reiterated that an extension would enable the officials to meet the demands effectively.

He said, “As I told you earlier, basically, before someone attains a managerial position in a banking institution, it is mandatory that they must declare their assets at a point of entry.

“So, all of them have declared their assets through the EFCC, NBIC (Nigerian Bank for Commerce and Industry), and DSS (Department of State Services) before they came into the position.

“So I don’t think that it is a new thing. They have not been able to keep up with the deadline because the judiciary was on strike. I think they need more time to do it accurately.”

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