The House of Representatives, on Wednesday, passed through Second Reading a bill that is proposing 20 years imprisonment for bank staff who fraudulently tamper with their customers’ accounts. If you apply this law strictly, Directors are employees of the bank, bank owners or anybody who is related to the bank should be deemed to be an employee of the bank,” Hon Nkem-Abonta said. While venting his view, Hon Tyough Aondona, called for proper regulations of banking activities, but a reasonable jail term of punishment. Recall that the House on Thursday, June 10, 2021, passed similar bill which seeks to bar bank employees from operating foreign accounts and ensure compulsory asset declaration by bank employees, as part of efforts aimed at stemming corruption in the financial sector. Marburg Virus: What You Need To Know About Disease Recently Detected In West AfricaReps propose 20 years jail term for fraudulent bank staffFACT CHECK: US Did Not Give Nigeria 48 Hours Ultimatum To Detain Abba Kyari Reps propose 20 years jail term for fraudulent bank staffReps propose 20 years jail term for fraudulent bank staff

Source: Nigerian Tribune February 03, 2022 00:26 UTC