The South East Zonal Head of Economic and Financial
Crimes Commission, EFCC, Enugu, Obioha Okorie,
on Thursday, May 12, 2016 charged operators of Designated Non-financial Institutions
(DNFIs) within the Southeast Geo-political Zone, to strictly conduct their
businesses within the ambit of the law as any infraction of the law would
attract due sanctions.
Okorie made the charge in his welcome remark on a one
day workshop organized by the Special Control Unit Against Money Laundering
(SCUML) Enugu at the conference hall of the Commission which had in attendance business owners, company
directors, general managers and various representatives from over 29 DNFIs from
Southeast Geo-political Zone comprising Enugu, Imo, Anambra, Abia, Ebonyi States.
While expressing his pleasure at the relatively high
turnout of participants, Okorie said, “the position of the law is clear enough
regarding Money Laundering Prohibition Act of 2011(as amended) and adherence to
these laws is not optional.
“I will definitely ensure the prosecution of DNFIs here
in Enugu and the entire Southeast who fails to adhere to the position of the
law; that is a promise I must fulfill in accordance with the Money Laundering
Prohibition Act because the multiplier effect of non compliance is huge.”
Later in his address, the Head SCUML, Promise Oluigbo made
it clear to the participants that it is an obligation under the Money
Laundering Prohibition Act of 2011 (as amended) to sensitize people and in
return they have the obligation to register their businesses, report
transactions and ensure due diligence (Know Your Customer).
He went on to define money laundering, types and method
of money laundering, who are DNFIs, obligations of DNFIs, designation of
compliance officers, duties of compliance officers, penalties for
non-compliance among other issues.
The EFCC/SCUML conference is a regular feature of the
Commission in line with its sensitization and enlightenment mandate.
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