EXTRA: How Banks Are Aiding Fraud – Lawan

Senate resident Ahmad Lawan on Thursday urged the nation’s anti-corruption agencies to beam their searchlights on operations of commercial banks.

Lawan, in Abuja during his investiture and induction as Patron by the Chattered Institute of Forensic and Investigative Professionals of Nigeria, said: “It is not only in government agencies that we have this kind of attitude, even in private organizations.

“So, our anti-corruption agencies should go beyond looking at what the government agencies are doing, they should also look at what our banks are doing.

“Some of these banks, I don’t have figures or names, a lot of times we’ve placed implicit trust in them, but money are diverted and accounts that have no approval of the Accountant General to be opened will be operated.

“Before the introduction of TSA, we’ve had stories of hundreds of bank accounts operated by some agencies but of course we know the limit the Accountant-General of the Federation has approved for agencies of government to operate.”

He said findings by the National Assembly had revealed that many revenue-generating agencies under-remitted funds to the Consolidated Accounts.

He urged the federal government to explore relevant technology for the purpose of revenue collection by its agencies to prevent the diversion of public funds into private pockets.

  • Related Posts

    Nigerian ex-minister standing trial for corruption—wants to contest election in 2027

      Hadi Sirika, former minister of aviation, has announced his intention to contest the Katsina north senatoral district seat in the 2027 elections. Speaking on Friday at the All Progressives…

    Ex-labour minister Ngige arraigned, remanded in Kuje prison

      A former Minister of Labour and Employment, Chris Ngige, was on Friday arraigned before an Abuja High Court sitting in Gwarinpa by the Economic and Financial Crimes Commission over…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Trump cancels envoys’ Pakistan trip for peace talks with Iran

    • By admin
    • April 25, 2026
    • 10 views
    Trump cancels envoys’ Pakistan trip for peace talks with Iran

    Armed groups launch co-ordinated attacks across Mali — Report

    • By admin
    • April 25, 2026
    • 6 views
    Armed groups launch co-ordinated attacks across Mali — Report

    Iran military says will respond if US blockade and ‘banditry’ continues

    • By admin
    • April 25, 2026
    • 11 views
    Iran military says will respond if US blockade and ‘banditry’ continues

    Army Recovers Suspected Remains Of Slain Soldier Couple

    • By admin
    • April 25, 2026
    • 13 views
    Army Recovers Suspected Remains Of Slain Soldier Couple

    Nigerian man arrested in US, faces deportation over ‘sex crimes’

    • By admin
    • April 25, 2026
    • 14 views
    Nigerian man arrested in US, faces deportation over ‘sex crimes’

    FACT-CHECK: Old video of shootings resurfaces amid renewed xenophobic attacks in South Africa

    FACT-CHECK: Old video of shootings resurfaces amid renewed xenophobic attacks in South Africa