If you are convicted of economic crimes, it might be difficult for you to open a bank account in the future.

At least, that is what the Central Bank of Nigeria, CBN and the Economic and Financial Crimes Commission, EFCC are planning.

This was part of their resolutions on Thursday, after the officials of the two agencies met in Abuja to discuss the ways of strengthening the country’s fight against economic crimes.

A statement from the apex bank said any individual or corporate body found to be involved in economic crime might be barred from opening bank accounts in the country.

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The meeting, which took place at the Head Office of the CBN in Abuja, provided an opportunity for the two entities to share experiences and peculiar challenges in the fight against economic related crimes.

The Director, Corporate Communications of the CBN, Isaac Okorafor, said in the statement that the two organisations adopted strategies aimed at curtailing the unwholesome activities of economic saboteurs which included smuggling of commodities like rice, textile materials, fertiliser, wheat and other items on the prohibition list for accessing foreign exchange through official window, as well as tracking illicit financial flows.

Other areas which the two agencies were collaborating include anti-money laundry and the monitoring of politically exposed persons in the country.

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