The Central Bank of Nigeria (CBN) has stated it would shut down any bank that connives with government officials to steal public funds or aide in the finance of terrorism.
Speaking to newsmen in Abuja today, the Deputy Governor of the CBN, Dr. Okwu Nna, stated the apex bank would go beyond fines and blacklisting to ensure that erring banks were prevented from operating in the nation’s financial system.
Dr. Nna gave the bank’s position in Abuja at a regional workshop on Risk Assessment on Money Laundering and terrorism Ficing.
Ficial institutions are required by the CBN to adopt policies that will mitigate the risk of money laundering and terrorist ficing which is currently an addition to Nigeria’s list of challenges.
Also addressing the gathering, the ECOWAS Director General of the Inter-Governmental Group Against Money Laundering, Mr Adama Coulibaly, condemned the spate of money laundering which is also responsible for terrorism ficing.
Mr Coulibaly advised that everybody should be involved to correct all shortcomings in the system.