The Economic and Financial Crimes Commission, and the Nigeria Deposit Insurance Corporation, have strengthened collaboration to promote transparency in the banking sector.The Economic and Financial Crimes Commission, and the Nigeria Deposit Insurance Corporation, have strengthened collaboration to promote transparency in the banking sector.
“There is a nexus between criminal activities and liquidation of banks. When they don’t play by the rules, you discover that ultimately the banks will fold up.So, you have a very critical role to play to avoid bank failure. We are ready to support you, we are ready to collaborate with you in any capacity to achieve this,” he said.
Speaking on the mandate of NDIC, the Managing Director and Chief Executive Officer of the corporation, Bello Hassan, said the corporation is one of the safety nets in the financial services industry, stressing that the EFCC is one of its critical stakeholders in the attainment of its objectives. He called for stronger collaboration with the EFCC, maintaining that the Commission has always been of tremendous help to the NDIC. He appealed that recoveries made by the EFCC for the NDIC should be directly returned to the Corporation and not into government’s covers.
The Amalgamated Union of App-Based Transporters of Nigeria , Lagos State Council has raised the alarm over the impoundment of vehicles and arrest of their members operating with ehailing services firm, Uber, by the state's Ministry of Transportation . Nigeria has been ranked the third largest electronic waste generating country in Africa, coming behind Egypt and South Africa.