The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has reiterated the commission’s commitment to monitoring bank transactions to prevent financial flows to criminals, including bandits and terrorists.
Olukoyede noted that corruption fosters poverty, which makes unemployed citizens vulnerable to recruitment into criminal activities. He stated, “Corruption is a key issue when it comes to the promotion of insecurity in this nation… Corruption breeds poverty, which in turn leads the jobless to engage in banditry, kidnapping, and terrorism.”
The EFCC chairman vowed to intensify efforts to monitor fund flows, particularly in banking transactions, to prevent money from reaching criminals. He said, “We will continue to monitor the flow of funds, especially in the banking sector, to ensure that illicit money doesn’t end up in the hands of bandits, kidnappers, and terrorists.”
Olukoyede emphasized the need for collective efforts to fight corruption, stating, “It is time for us to collectively fight corruption, which has become a major challenge to our nation’s progress.”
The Minister of State for Police Affairs, Imaan Ibrahim, also called for collective efforts to tackle insecurity, saying, “Security is everyone’s responsibility, not just that of the police and other law enforcement agencies.”
