EFCC Denies Raiding Standard Chartered Bank

Channels Television  
Updated September 14, 2018
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The Economic and Financial Crimes Commission on Friday denied raiding the head office of Standard Chartered Bank in Lagos.

“There was no raid on the bank by its (EFCC) officers,” EFCC’s Head of Media and Publicity, Mr Wilson Uwujaren, said in a statement after media enquiries.

The enquiries followed reports that about 20 operatives of the anti-graft agency raided the headquarters of the bank, which was one of the four banks that were fined by the Central Bank of Nigeria for allegedly aiding the illegal repatriation of funds from Nigeria by MTN.

Such a move contradicts the operational procedures of the bank, according to the statement.

The statement read in part, “The raid by operatives purportedly wearing the jackets of the Commission might have been the handiwork of errant officers who acted without authorisation,”

“The action is in flagrant violation of the standard operation procedures of the Commission as it is not the style of the EFCC to openly raid the offices of banks and other financial institutions.”

“Officials of such institutions who are wanted by the commission, are usually invited for questioning after discreet investigation. Over the years, banks have been cooperative in releasing their officers to the Commission for questioning.”

Although the EFCC denied ordering a raid on the bank, it did not rule out the possibility that its “errant officers” might have carried it out.

As a result, it plans to investigate the reported raid.

“The Commission will investigate the circumstances leading to this illegal raid by errant officers and those found culpable would be subjected to the internal disciplinary mechanism of the Commission,” it said.

“EFCC again reassures Nigerians that it is an agency which adheres strictly to the rule of law and will, as much as possible, avoid draconian measures in its fight against corruption.”