FCMB advocates collaboration among banks to fight illicit practices

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 94%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

The Managing Director of First City Monument Bank (FCMB), Mrs Yemisi Edun, has advocated increased collaboration among banks, especially in information sharing, to effectively combat money laundering, terrorist financing and other illicit practices within the financial system.She stated that information sharing would make it easier to stop criminals from abusing the financial system.

The Managing Director of First City Monument Bank , Mrs Yemisi Edun, has advocated increased collaboration among banks, especially in information sharing, to effectively combat money laundering, terrorist financing and other illicit practices within the financial system.

The Bank chief made the call while declaring open the quarterly meeting of the Association of Committee of Chief Compliance Officers of Banks in Nigeria , hosted by FCMB at the weekend, in Lagos. She also lauded the Nigeria Financial Intelligence Unit for prohibiting cash withdrawals from public accounts to promote a cashless economy in line with the framework of the law.

“The law prohibiting cash withdrawals from public accounts presents a great business opportunity to sell our digital banking products to various government agencies while ensuring that we keep our country safe from financial crime’’.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Banks Urged To Partner On Fight Against Illicit PracticesThe managing director/CEO of First City Monument Bank(FCMB), Mrs Yemisi Edun, has advocated increased collaboration among banks, especially, in information
Source: LeadershipNGA - 🏆 4. / 77 Read more »

International charity Christian Aid appoints Nigerian as directorInternational development and humanitarian charity Christian Aid has appointed Osai Ojigho as its new Policy and Campaigns Director. Congratulations ma'am
Source: MobilePunch - 🏆 8. / 63 Read more »

Bauchi LP campaign director defects to PDP over 'lack of structure' | TheCableAlhassan Bawu, campaign director of the Labour Party (LP) in Bauchi state, has defected to the Peoples Democratic Party (PDP). Speaking on Tuesday at a media briefing in Bauchi, Bawu NgLabour His loss. He probably thought Labour party was going to share money like the other parties. We don't give shi shi. NgLabour 🤣🤣🤣🤣 NgLabour Good riddance, because we no dey give sisiii. Labour party is a movement to take back Naija from wolves. Party that want to rescue Nigerians should not be paying any one.
Source: thecableng - 🏆 2. / 80 Read more »

Rivers APC campaign director abducted, party blames policeThe All Progressives Congress chapter in Rivers State has said its campaign director in Opobo/Nkoro Opobo Local Government Area, Boma Brown, was abducted by suspected political thugs at the venue of a scheduled rally in the area on Tuesday. What a sad news. Please they should release the innocent man Please. If your full salaries is not enough, then overtime work pay won't be enough. APC&PDP is seeking second chance for another 4years in Hell, Tufiakwa. Even Tinubu have Pakisin disease. We won't continue to suffer again. We must end this hardship permanently. We Vote for Peter Obi
Source: MobilePunch - 🏆 8. / 63 Read more »

How 100 bandits ambushed, killed seven NSCDC personnel – DirectorThe Director, Public Relations, Nigeria Security and Civil Defence Corps, Olusola Odumosu, among other issues, explains to GIFT HABIB, the circumstances leading to the killing of seven personnel of the corps by suspected bandits at a mining site in Kaduna State on January 9, 2023 What’s Happened in Nigeria 🇳🇬? 7 NSCDC men, 4 Army lost, and 1 vigilante was killed as well. D bandits carted away d rifles of d slain operatives 3 weeks ago. No one has been arrested yet for d murders. None is crying unduly all concern with having new bank material Who count them
Source: MobilePunch - 🏆 8. / 63 Read more »

Bauchi LP campaign director defects to PDP over 'lack of structure'Alhassan Bawu, campaign director of the Labour Party (LP) in Bauchi state, has defected to the Peoples Democratic Party (PDP). atiku is the answer ✊ Make he bye baii.. we no dey give shishi if that's what structure means! God go push all of una comot before Feb 25th! Over lack of structure of criminality . He wants money to be allocated to him, but we no dey give shishi .
Source: thecableng - 🏆 2. / 80 Read more »