The Executive Chairman of the  Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has charged all Designated Non Financial Businesses and Professions , DNFBPs, s  across the country to always  meet up with their obligations in the fight against graft.  

The charge was given  at a sensitization program organized by the Commission for DNFBPs on May 8 ,2025 at  the EFCC office,  Gombe State.

Olukoyede,   represented by Deputy Director,  Special Control Unit against Money Laundering, SCUML, DCE Pascal Samu stated  that, "this workshop is to  enlighten and charge you on your roles in compliance with  the money laundering ( Prevention & Prohibition )  Act 2022 and Terrorism ( Prevention & Prohibition ) Act 2022 ".

The EFCC Chair added that , " under  Sec 3(1) of the Act , a transfer to or from a foreign country of funds or securities by a person or body corporate including money,  service , business of a sum exceeding US$10,000 or its equivalent shall be reported to the Unit, CBN , SEC in writing within one day from date of transaction as failure or false declaration to appropriate authorities is liable upon conviction to imprisonment of two years and forfeiture of undeclared sum".

He urged the participants to meet up their obligations in the fight against corruption by verifying the identities of customers using relevant information and data obtained to avoid sanctions. "In  Sec 4(1), a FI and DNFBP is obliged to identify and verify identities of a customer using reliable independent source documents, data and information”,  he said.

Earlier,  Acting Zonal Director , EFCC, Gombe,  DCE Sa'ad Hannafi Sa'ad , who welcomed the participants on behalf of the Executive Chairman  stated that the essence of the meeting was  to sensitize  and collaborate with the participants in the fight against corruption,  adding that all hands must be on deck as ignorance is not an excuse before the law.

Media & Publicity

May 16, 2025