The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to individuals and organisations involved in unauthorised cash movements. Any funds moved illegally are at risk of permanent forfeiture to the federal government.
In a recent statement, the EFCC emphasised its commitment to enforcing anti-money laundering laws and ensuring that financial transactions comply with legal standards.
The commission highlighted that moving large sums of money without proper documentation or through unapproved channels constitutes a violation of financial regulations.
Such actions not only undermine the integrity of the financial system but also pose significant risks to the nation’s economy.
The EFCC reiterated that it would not hesitate to seize and permanently forfeit any funds found to be transferred illegally.
This measure is part of the agency’s broader strategy to deter financial crimes and promote transparency in monetary transactions.
The commission urged all stakeholders, including financial institutions and businesses, to adhere strictly to established financial protocols.
By doing so, they contribute to a stable and secure economic environment.
The EFCC’s warning serves as a reminder of the importance of compliance with financial laws and the consequences of engaging in illicit financial activities.
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cc: Daily Post Ng
