“Why is the FIU making the thing to look like Mr. Vaye had stolen or was caught in some dubious act for which he was suspended?” the LBDI executive wonders. Vaye is not a criminal; he didn’t commit any crime; he is a professional and one of the best Financial Compliance Officers this country can boast of,” this senior LBDI executive stated. He has been with the bank for about 8 years,” another executive at LBDI, also said. It is said that Mr. Vaye was among the principal persons who help set up the FIU. But the regulator recommended that the Mr. Vaye, who is in charge of compliance at LBDI, be suspended without pay for a month.

Source: Front Page Africa May 25, 2020 04:41 UTC