Allegations Surface Linking Access Bank to Nigerian Smuggling and Bribery
What happened
Adamu Sambo Muhammad, Chairman of the National Compliance Joint Taskforce of Licensed Clearing Agents, alleged that Access Bank was involved in smuggling and bribery related to Nigerian border issues. Muhammad stated that he transferred ₦200,000 to an Access Bank account belonging to a Customs officer, with the transaction noted as “Bail from Customs custody.” The allegations involve the transport of rice and other prohibited commodities through the Seme Border using semi-trailers and modified vehicles.
From saharareporters.com
Why it matters
The allegations raise concerns about corruption within Nigerian border control and customs services. The use of a major financial institution, Access Bank, in these alleged transactions introduces significant regulatory and reputational risk to the bank and challenges the integrity of legitimate trade in Nigeria.
Access Bank participates in the NPS ecosystem in Nigeria.
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Who's involved
- Access BankNigerian multinational bank alleged to be used in transactions related to smuggling and bribery.
- MuhammadChairman of the National Compliance Joint Taskforce of Licensed Clearing Agents who made the allegations.
- NigeriaSovereign state where the alleged smuggling and border issues took place.
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The entities involved
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Nigeria
sovereign state in West Africa
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Access Bank
Nigerian multinational bank
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