Banks create enabling environment for thieves to loot Nigeria’s money-Magu

The acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has expressed his opinion over plans to separate the Nigeria Financial Intelligence Unit (NFIU) from the parent body.

Magu made this observation when he received a delegation of the International Monetary Fund (IMF) on Thursday, July 27.

Magu accused banks in the country of creating an enabling atmosphere for looters.

International Monetary Fund delegates visit EFCC

He said they are “doing everything possible to make sure that the Nigeria Financial Intelligence Unit is severed from the agency.

“I don’t trust the financial institutions. They create enabling environment for thieves to loot our money that is why they are fighting to remove the NFIU from us.

They want to use a former managing Director of a bank to head the NFIU.” The Senate is preparing to separate the NFIU from the EFCC