Bank Workers to Blow Whistle on Stashed Funds

By Mohammed Shosanya, Lagos
Apr 25 2017 6:35AM

President of Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), Comrade Oyinkan Olasanoye, yesterday  implored her members in the Insurance and Banking sector to get involved in the whistle blowing of any person or persons known to them to be involved in the practice of cash racketeering.

She said it was necessary in order to save the nation’s system from liquidity crisis beleaguering it..

“We urge our members as well as other players in the financial service industry to support the war on corruption in whatever capacity we can in order, to save our nation and ensure a more viable financial system and better society.

“As a responsible association, we can safely say that if all such funds are in the banking system today, the liquidity position will be different.

That ASSBIFI shall continue to support the efforts of government to rid the financial system of corruption at all levels.

She enjoined the federal government  to go beyond the financial reward to whistleblowers, and put in place laws that will protect the whistleblowers against any form of retaliation.

She advocated the need  for  anti-corruption agencies to intensify efforts into preventive activities by working hand in hand with the financial system operators and regulators in ensuring that access to such cash is prevented at the commercial banks and the Central Bank of Nigeria.

She also advised the federal government to employ proactive approach to anti-corruption as against the present reactionary trend.

She added:”The people shall desire to see a more diligent prosecution of corruption cases and a stem in the tide of corruption cases being lost to lack of diligent prosecution”.