The Economic and Financial Crimes Commission (EFCC) has given the operators in the financial system, especially bankers, up to June 1, 2021 to declare their assets.

The EFCC Chairman, Abdulrashed Bawa, stated this yesterday while addressing State House correspondents after a meeting with President Muhammadu Buhari in Abuja.

He said the move, which is pursuant to the Bank Employees, etc (Declaration of Assets) Act 1986, is part of measures to sanitise the nation’s financial system and block some of the loopholes currently being exploited by unscrupulous players in the sector to undermine the economy through money laundering and illicit financial flows.

Section 1 of the law makes it mandatory for every employee of a bank to make full disclosure of assets upon employment and annually in subsequent years.

Bawa also expressed worry over youth’s involvement in cyber crime, appealing to parents to take special interest in the activities of their children.