The Economic and Financial Crimes Commission (EFCC) says it is investigating one Ishaq Abubakar over his possession of 2,886 automated teller machine (ATM) cards.
Dele Oyewale, EFCC spokesman, disclosed in a statement on Thursday that Abubakar was apprehended on August 22 by the Nigeria Customs Service (NCS) at Murtala Muhammed International Airport, Lagos state.
The NCS handed over the suspect to the EFCC on Thursday for investigation.
The anti-graft agency quoted Abudulmumuni Bako, customs deputy comptroller of enforcement, as saying the suspect came from Kano state and wanted to travel via an Emirates evacuation flight to Dubai.
Bako said Abubakar concealed the ATM cards in a pack of noodles.
“The Customs Deputy Comptroller, Enforcement, Abudulmumuni Bako, who represented the Customs Area Comptroller, A. Ma’aji, said that the suspect, who claimed to have come from Kano to travel to Dubai aboard the Emirate Evacuation flight, was seen with someone who was assigned to facilitate his movement through the airport checks,” the statement read.
“Officers of the Customs service intercepted the suspect with 2,886 ATM cards and four SIM cards, which he carefully concealed in parks of Noodles.
“This raised the suspicion of the officers who insisted he should be physically and thoroughly checked after the scan machine had revealed he was carrying packs of noodles.”
AbdulRasheed Bawa, EFCC Lagos zonal head, who received the suspect on behalf of the commission, said the anti-graft agency would unveil everybody involved in the case.
He said banks and bankers may have a role to play in the case of alleged criminal conspiracy.
“There are a number of possibilities. There is an element of conspiracy, foreign exchange (FOREX) malpractices and money laundering,” he said.
“That the ATM cards are of different banks is another conspiracy and that raised a lot of questions that needed to be unravelled.”
“We are also to determine whether banks or bankers are involved in this crime. We will investigate and anyone found wanting will be prosecuted alongside the suspect.
Bawa also said Nigerians have been selling off their bank accounts to fraudsters in recent years.
“The fraudsters advise them to open bank accounts and they buy them off for as low as N10,000,” he said.
“Nigerians should know that anyone buying of their bank accounts is using it for fraudulent transactions.
“Banks also needed to be investigated because that means they aren’t carrying out due diligence such as Know Your Customers (KYC) on respective bank customers.”
Access Bank Announces N50b Interest-free Loan For Businesses
Access Bank has announced N50 billion in support of Nigerians through interest-free loans and grants to support communities, the youths as well as micro, small and medium-sized businesses.
The bank posted this on its official LinkedIn page.
It said the move was to support businesses following the crippling COVID-19 lockdown as well as the looting and arson that trailed the #ENDSARS protests.
According to the bank; “Now more than ever, we remain committed to our purpose of impacting lives positively.
” In light of the recent occurrences, we will be supporting Nigerian businesses with N50billion interest-free loans and grants. Watch this space for more information.”
The support by Access Bank is expected to help business owners and entreprenuers alleviate and stimulate economic activities, as well as produce many positive multiplier effects on the economy.
“As a way of supporting SMEs and the working class of the country following the recent damage of properties and livelihoods experienced across the nation, @myaccessbank has rolled out interest free loans of up to N50bn.
“The fund is expected to serve as a kickstart to these affected communities, people and businesses. #AccessCares #All4One,” the bank added.
PenCom Makes Data Recapture Exercise Condition To Process RSA Transfer Request
The National Pension Commission said the completion of the Data Recapture Exercise (DRE) is a prerequisite for processing any Retirement Savings Account (RSA) transfer request by RSA holders who registered before 1st of July 2019.
“The National Pension Commission (the Commission) introduced the Data Recapture Exercise (DRE) in August 2019 in order to obtain complete, accurate and current data of all RSA holders (both active and retired), the commission stated.
The statement added that “Accordingly, Pension Fund Administrators (PFAs) were directed by the Commission to obtain the relevant information required for the DRE from RSA holders and the process is on going. One of the information required for the exercise is the National Identity Number (NIN).
“The Commission is desirous to ensure that all RSA holders are able to exercise their rights of transferring their RSAs trom one PFA to another, in anticipation of the formal launch of the RSA Transfer System during the last quarter of 2020.
“The Commission therefore wishes to notify all RSA holders that the completion of the DRE is a prerequisite for processing any RSA transfer request by RSA holders who registered before 1 July 2019.”
PenCom explained to fast track the DRE, it approved a proposal of the Pension Operators’ Association of Nigeria (PenOp) for an industry Shared Service Initiative (SSI).
“Consequently, PenOp has engaged agents to conduct the DRE on behalf of all PFAs. This arrangement will enhance efficiency in carrying out the exercise as it would allow an agent to recapture all RSA holders in the same organization on behalf of all PFAs. In partnership with the National Identity Management Commission (NIMC), the selected agents will have the ability to carry out NIN registrations seamlessly.
“The Commission hereby appeals to all active RSA holders and retirees to cooperate with the agents that would be visiting their organisations to carry out the DRE. Meanwhile, the Commission remains committed to providing necessary support to the pension industry to ensure the success of the DRE,” it noted.
Senate Confirms Dahir-Umar DG PenCom, Four Board Members
The Senate confirmed the appointment of Mrs. Aisha Dahir-Umar as the substantive Director General of the National Pension Commission (PenCom) on Tuesday.
President Muhammadu Buhari had penultimate week, sent the name of Dahir -Umar to the Senate, seeking the lawmakers ’ confirmation for her to be the substantive DG and others , to the board of the agency.
The lawmakers also confirmed Dr Oyindasola Oluremi Oni, from North Central as the Chairman of the commission.
Also confirmed were Clement Akintola (South -West); Ayim Nyerere ( South – East) and Charles Emukowhale (South – South), as commissioners of the PenCom board.
However, the Senate refused to confirm the appointment of Hannatu Musa (North -West) because she was unable to present her discharge certificate from the National Youths Service Corps.
Until her confirmation, Dahir-Umar , from the North -East geopolitical zone , held the position in acting capacity .