Saraki urges banks to support anti graft campaign

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Saraki urges banks to support anti graft campaign

The President of the Senate, Dr. Bukola Saraki, has
called on commercial banks operating in the
country to partner with the Federal Government to
effectively tackle corruption in the system.

Saraki stated this on Thursday when the
management of Fidelity Bank Plc, led by its
Managing Director and Chief Executive Officer, Mr.
Nnamdi Okonkwo, visited him at the National

He reminded the bankers that they were at a
vantage position to disclose suspicious
transactions to the relevant authorities.

A statement issued by his media office also stated
that the banks have a major role to play in
stamping out corruption from all aspects of the

The statement said, “I think also that the area that
is key in the fight against corruption. The banks
must play a role in knowing your customers.

“You must also be accountable for the activities of
your customers because in developed societies,
banks know that if their customers are being
questioned in any activity, they too are responsible
for either not bringing it to the attention of the

“This is because there is nothing that happens that
does not go through the banking system.

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

“But I think when the banks turn a blind eye saying
it is not our business, that does not help. I think we
need to start looking at that in supporting the
government in addressing this area.”

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

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Posted By Bobricky On 09:19 Thu, 12 Nov 2015

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