Breaking News

Sacked bank CEOs: EFCC to arrest defaulters Tuesday

.…As deadline expires

.…100 operatives dispatched to Lagos to seal up properties

By Emma Ovuakporie
The Economic and Financial Crimes Commission (EFCC) has dispatched 100 operatives and 2 Mobile Police units to arrest all loan defaulters that did not meet the 7 days deadline given by the agency last week Tuesday.

It was reliably gathered Monday that the anti-graft agency’s Chair person Mrs Farida Waziri ordered the arrest of all debtors, listed by the Central Bank of Nigeria[CBN] in the troubled banks that their Managing Directors were recently fired over an alleged management of non-performing loans, fraud and insider trading.

A source close to the commission revealed that seals running into thousands were released to the operatives to use to seal up properties belonging to the loan defaulters.

According to the source, specially designed seals for private jets were also prepared by the agency as most of the defaulters own private aircraft parked at the airports in Lagos.

It was also revealed that the amount paid back so far “is paltry when compared to the magnitude of what the debtors are owing the banks”.

The properties of the debtors would be sealed up in different parts of Lagos that have been pencilled down by the anti-graft agency before the sledge hammer of the apex bank slammed the banks barely two weeks ago.

The source explained to the Vanguard that “the operatives left early this morning to enable them arrive early and carry out the operations as directed by the chairman as excuses will not be accepted for any failure.”

When asked the possibility of being influenced by the loan defaulters, the source simply said “our operatives are well paid they see this assignment as a challenge than monetary rewards, in short they cannot be influenced by anybody.”

When contacted, Head, Media and Publicity of EFCC, Mr Femi Babafemi confirmed that operatives had been sent to Lagos as the deadline elapses by 12 midnight.


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