KEHINDE AKINTOLA
Bolaji Owasanoye, chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), has unveiled plans to clampdown on suspected criminal accounts being managed by some financial institutions operating across the country.
Owasanoye who disclosed this in Abuja while addressing management of Bank of Industry (BoI), reiterated the Commission’s resolve towards tackling corrupt elements within the Nigeria’s financial sector.
The Chairman expressed concerns at “the complicity of a few of Nigeria’s financial services industry companies in the ruination of the country,” stating that “one bad apple can ruin the entire bunch.”
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.
The ICPC Chairman 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.
According to him, “It is by working together that we can isolate those who give everybody a bad name.”
Earlier in his remarks, Olukayode Pitan, BOI Managing Director (MD), explained that they were on the visit to intimate the Commission of their activities and operations.
He added that BOI has always counted on the cooperation of ICPC as a stakeholder.
He also noted that BOI as one of the only two Development Financial Institutions in Nigeria, was used to disburse the TraderMoni and FarmerMoni Policy of the Federal Government.
According to the MD, over 1.8 million Nigerians have benefitted from the disbursement so far.
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