Saraki urges banks report suspicious accounts

Saraki urges banks report suspicious accounts

Thursday, November 12, 2015 11:24 pm

Senator Bukola Saraki:

Senator Bukola Saraki:

The President of the Senate, Bukola Saraki, on Thursday in Abuja, urged banks to assist the Federal Government in the fight against corruption by reporting suspicious accounts and transactions.

This is contained in a statement signed by Sani Onogu, Special Assistant (Media) to Saraki, which was made available to the News Agency of Nigeria.

Saraki, according to the statement, made the call when the management of Fidelity Bank Plc visited him at the National Assembly.

He said that banks were at a vantage position to disclose suspicious transactions to relevant authorities and called on them to take on the major responsibility of stamping out corruption.

“In the fight against corruption, the banks must play a role in knowing its customers and also being accountable for their activities. In developed societies, banks know that if their customers are being questioned in any activity, they too are responsible for not bringing it to the attention of the government.

“So, if the banking system is tight, it will bring the greatest contribution in fighting corruption because at the end of the day, it must come through the banking system.

“But, I think that when the banks turn a blind eye, that does not help. I think that we need to start looking at that in supporting the government in addressing corruption,” he said.

Saraki also urged the banks to ensure that they lent needed support to farmers in order to boost food production and stimulate the growth of agriculture in the country.

Earlier, Managing Director and Chief Executive Officer of Fidelity Bank, Mr Nnamdi Okonkwo, said that the visit was in line with the bank’s ongoing engagement with critical stakeholders in the economy.

He said that the bank had been, and would continue to provide support for Small and Medium Scale Enterprises (SMEs), industries and telecommunication sectors. (NAN)


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