The Independent Corrupt Practices and Other Related Offences Commission has partnered with financial institutions in Borno State to expose illicit transactions and combat money laundering.
Speaking to journalists shortly after a sensitisation meeting with representatives of banks across the state in Maiduguri on Tuesday, the ICPC Resident Anti-Corruption Commissioner overseeing Borno and Yobe states, Linus Gubbi, said the banking sector is a critical gatekeeper of financial integrity.
According to him, the agency’s decision to collaborate with the sector is to build reliable and professional channels through which financial corruption can be disrupted.
He said, “Our focus is straightforward and action-oriented: compliance with applicable anti-corruption laws and ethical standards within the banking operation, reporting obligation and collaboration.
“We recognise that banks are not law enforcement agencies. However, we also clearly recognise that the banking sector is a critical gatekeeper of financial integrity. When controls are strong, corruption becomes harder to execute and easier to detect,” he added.
