EFCC Raids Dangote Head Office Over To Foreign Exchange Transactions
According to reports, the EFCC is looking through forex allocation documents from Godwin Emefiele's time as the CBN governor at the Dangote Group's head office in Lagos
52 businesses are presently being investigated by the Economic and Financial Crimes Commission (EFCC) for forex transactions.
The commission is looking into foreign exchange payments made to these businesses while Godwin Emefiele was the governor of the Central Bank of Nigeria (CBN).
In a letter to each company, the EFCC requested documentation of their foreign exchange transactions over the previous ten years.
Several prominent corporations are under investigation, including Flour Mills, BUA Group, and Dangote Group, all of which have refuted any wrongdoing in correspondence with the EFCC.
Insiders claim that since the Dangote Group did not break any laws, it is prepared to go over every detail of its foreign exchange transactions.
Although the EFCC's investigations are still in their early stages, it seems that they are focused on the largest companies that received foreign exchange allocations from the CBN under Emefiele.
President Bola Tinubu removed Emefiele as the governor of the CBN on June 9, 2023. Emefiele was then taken into custody and held for more than five months.
He has been accused of a number of things, all of which he disputes.
No comments:
Leave comment here