EFCC Demands Asset Forms Of Banks’ MDs, DMDs, EDs

The Economic and Financial Crimes Commission(EFCC) has asked all Managing Directors of banks, their deputies and Executive Directors to submit their asset declaration forms.

Our correspondent learnt they have up to two weeks to do so or risk 10-year jail term.

The top executives are first on the list of bankers expected to declare their assets.

According to a top source, the directive to the Managing Directors, Deputy Managing Directors and Executive Directors are contained in a June 1, 2021 letter to them.

The source said: “In line with the decision of the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa to demand for the assets declaration forms filed by bankers beginning from June 1, 2021, the commission has demanded for the assets declaration forms of the executive management of all banks in the country.

“The request for the assets declaration forms of the top executives of banks is contained in a letter to the managing directors of the banks dated June 1, 2021.

“Listed among the officers whose assets declaration forms are expected by the Commission are managing directors, deputy managing directors and executive directors of all the banks.

“The request is pursuant to the Bank Employees, Etc. (Declaration of Assets) Act, 1986, which mandates bankers to declare assets upon employment and annually thereafter.

“Violators of the law risk imprisonment for a term of up to ten years.”

______________________________________________________________________ “Bridging Theory And Courtroom Practice” — Hagler Sunny Okorie, Nathaniel Ngozi Ikeocha Unveil ‘Functional’ Tort Law Book For Nigerian Legal System The book, titled The Law of Torts in Nigeria: A Functional Approach, authored by Professor Hagler Sunny Okorie Ph.D and Ikeocha, Nathaniel Ngozi Esq, offers law students, practitioners, and academics a comprehensive guide to understanding and applying tort law in Nigerian courts. Interested buyers can place orders via the following contact numbers: 08028636615, 08037667945, 08032253813, or +234 902 196 2209. _______________________________________________________________________

“Order Your Copy Now” — Basil Momodu, Esq. Unveils Second Edition Of His Book, "Civil Procedure In Nigeria"

According to the learned author, Basil Momodu Esq. "Law review is a continuum. We will continue to track changes in the law to enrich future editions." Recommended Booksellers: Lagos: 08033855230, Abuja: 08035991379, and others. ______________________________________________________________________ [A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials

Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation ________________________________________________________________________ “Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence

Interested buyers are encouraged to place their orders and enquiries via: 0704 444 4777, 0704 444 4999, 0818 199 9888 Website: www.alexandernigeria.com