The Economic and Financial Crimes Commission on Friday, directed all managing directors of banks, their deputies and executive directors to submit their asset declaration forms.

According to the Nation, the concerned parties have up to two weeks to submit their asset declaration forms or risk a 10-year jail term.

According to a top source, the directive to the Managing Directors, Deputy Managing Directors and Executive Directors is contained in a June 1, 2021 letter to them.

The source said: “In line with the decision of the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa to demand the assets declaration forms filed by bankers beginning from June 1, 2021, the commission has demanded the assets declaration forms of the executive management of all banks in the country.”

“Listed among the officers whose assets declaration forms are expected by the Commission are managing directors, deputy managing directors and executive directors of all the banks.”

“The request is pursuant to the Bank Employees, Etc. (Declaration of Assets) Act, 1986, which mandates bankers to declare assets upon employment and annually thereafter.”

“Violators of the law risk imprisonment for a term of up to ten years.”