Nigeria’s leading anti-graft agency charged with the responsibility of investigating and enforcing all Economic and Financial Crimes laws, EFCC has warned property agents against doing business with internet fraudsters, popularly known as Yahoo Boys, insisting on genuinity.
Sadiq Abubakar, Head, Economic Governance Section of the Kaduna Zonal Office issued the warning while speaking at a Security Summit organized by the Kaduna Chapter of the National Union of Land and Property Agents Association of Nigeria in Kaduna.
Sadiq, who represented the Zonal Head, Sanusi Abdullahi, advised land vendors to embrace the practice of carrying out Know-Your-Customer, KYC, to protect themselves from the unsavoury consequences of dealing with criminally minded persons.
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He further called on the Association to always liaise with the relevant agencies to authenticate the genuineness or otherwise of any property before transacting business on them. He reminded members of the association of their obligations under the Money Laundering Act.
He also expressed optimism that, with the knowledge gained from this sensitization, they are better positioned to face the security and operational challenges experienced by members in their daily dealing with customers.
— EFCC Nigeria (@officialEFCC) March 22, 2021