It’s Not Compulsory For Nigerians to Have Bank Accounts — EFCC

It’s Not Compulsory For Nigerians to Have Bank Accounts — EFCC

The Economic and Financial Crimes Commission (EFCC) says it is not compulsory for Nigerians to have bank accounts in the wake of the influx of fraudulent activities in the banking sector.

Moreover, the EFCC has cautioned against people using mere phone numbers to open their bank accounts. “Nearly 40 per cent of Americans do not have accounts. So, it is not very compulsory for everybody in Nigeria to have a bank account,” said Bawa Usman, zonal head of the EFCC in Sokoto.

He made this disclosure after his outfit had a meeting with heads of the various banks in Nigeria to see how best they can collaborate to minimize the fraud being on the rise in the banking sector in recti times. According to him, insiders facilitate most financial frauds in the banking industry.

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In other news published by, a Nigerian soldier paid a benevolent man with evil by killing him and dumping his mortal remains in a bush.

The man they reportedly killed is a staff of a shipping agency in Port Harcourt identified as Christopher Enoh.

It was gathered that the incident happened on Sunday, May 23, 2021, when the deceased gave the army officer, Corporal Stephen Iweh, a lift from Onne Junction, Port Harcourt in Rivers State on his way to Akwa Ibom.

Instablog9ja reports that the military officer killed Christopher — a father-of-two, dumped his corpse in a bush at Ikot Abasi in Akwa Ibom and ran away with the vehicle.

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He was traced hours by the police following a complaint lodged by Christopher Enoh’s family that he had gone missing via the vehicle’s tracking system to a hotel on Monday, May 24, and arrested.

During interrogation, Step hen revealed that the deceased was nice enough to have given him a lift and even bought food for him to eat as they were traveling before he committed the crime.

His accomplice was arrested and detained at Ikot Akpan Abia police station to prevent an irate crowd from taking mob action.

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