11 Bank Executives Arrested for Laundering

Nigeria  via oyiboso

Nigeria via oyiboso

Eleven Bank executives in Nigeria have been arrested and are being held by the Economic and Financial Crimes Commission (EFCC) according to the Daily Independent.

It says the EFCC has been investigating money laundering within banks since 2008. And that the EFCC has been informed that some bank officials have fled their homes even while being watch listed.

Those in custody represent the following banks: former FinBank MD, International Capital Market MD, Intercontinental Trustees MD, International Securities MD, First Inland Securities MD, former Union Bank MD, MD Falcon Security a subsidiary of FinBank, Oceanic Trustees MD, First Inland Capital Market MD and Oceanic Securities MD.


Map of Nigeria via NEMA

Map of Nigeria via NEMA


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