Banker’s Union Calls For Asset Declaration Deadline Extension

As the deadline to submit their asset declaration forms approaches, the National Union of Banks, Insurance and Financial Institutions (NUBIFI) has called on the Economic and Financial Crimes Commission (EFCC) to extend the recent deadline given to bank executives.

The union had earlier said its members were not afraid to declare their assets as being required by the EFCC, stating that workers in the banking sector were guided by the principles of integrity, transparency, and honesty.

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Speaking with Punch via telephone on Saturday, the union’s president, Anthony Abakpa, stated that in view of the fact that court activities had yet to commence fully, top bank officials should be given more time to declare their assets.

Abakpa reiterated that an extension would enable the officials to meet the demands effectively.

He said, “As I told you earlier, basically, before someone attains a managerial position in a banking institution, it is mandatory that they must declare their assets at a point of entry.

“So, all of them have declared their assets through the EFCC, NBIC (Nigerian Bank for Commerce and Industry), and DSS (Department of State Services) before they came into the position.

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“So I don’t think that it is a new thing. They have not been able to keep up with the deadline because the judiciary was on strike. I think they need more time to do it accurately.”