Categories: Crime Watch Headline

EFCC Probes Dangote, BUA, 50 Other Companies Over Forex Allocations By Emefiele

the companies are being investigated for the forex allocations they got during the tenure of Godwin Emefiele as governor of the Central Bank of Nigeria (CBN).

Advertisement
Advertisement

EFCC is currently probing Dangote and BUA among 50 other companies over forex allocations by Emefiele.

 

 

NewsOnline Nigeria reports that the Economic and Financial Crimes Commission (EFCC) has launched an investigation into the forex transactions of some companies in the country.

This Nigeria news platform understands that the companies are being investigated for the forex allocations they got during the tenure of Godwin Emefiele as governor of the Central Bank of Nigeria (CBN).

 

Some of the companies being investigated by the anti-graft agency include Dangote Group, BUA Group, and Flour Mills. It is understood that a total of 52 companies are under the searchlight of the EFCC.

 

ALSO: South African Businessman, Johann Rupert Overtakes Dangote As Africa’s Richest Person

 

The information available on the investigation revealed that the EFCC had earlier written to the various companies asking for documentation on their forex transactions in the last 10 years, and they have all denied wrongdoing in their communications with the EFCC.

 

According to insiders quoted by The Cable on the matter, the Dangote Group, on its part, said it is ready to explain every detail of its forex transactions as it did not breach any laws.

 

When contacted by The Cable for comments on the development, the EFCC spokesperson, Dele Oyewale, reportedly declined comments.

 

NewsOnline Nigeria recalls Emefiele was suspended as CBN governor by President Bola Tinubu on June 9, 2023, and was subsequently arrested and detained by security operatives.

After several months in detention, he was released from the Kuje Correctional Center in December 2023 after fulfilling the terms of a bail condition granted him by the court.

Advertisement
NewsOnline Nigeria

Recent Posts

  • Exchange Rates

Black Market Dollar To Naira Exchange Rate In Lagos, FCT, 25 December 2024

Black Market Dollar To Naira Exchange Rate in Lagos and FCT today, 24 December 2024.…

1 hour ago
  • Crime Watch

BREAKING: Boko Haram Terrorists Bomb Nigerian Army Base

Boko Haram Terrorists have reportedly bombed the Nigerian Army Base.   NewsOnline Nigeria reports that…

2 hours ago
  • Headline

BREAKING: Plane Carrying 67 People Bursts Into Flames On Christmas Day (VIDEO)

A plane carrying at least 67 people busted into flames on Christmas day.   NewsOnline…

2 hours ago
  • Top Stories

Primate Ayodele Preaches Love, Compassion To Christians On Christmas

Primate Ayodele has preached love and compassion to Christians on Christmas.   NewsOnline Nigeria reports…

2 hours ago
  • Economy And Business

President Tinubu Sends Message Of Hope To Nigerians On 2024 Christmas Celebration

President Tinubu sent a message of hope to Nigerians at the 2024 Christmas Celebration.  …

2 hours ago
  • Top Stories

JTAH Foundation Hosts Annual Christmas Event, Shares Xmas Gifts (PHOTOS)

JTAH Foundation has hosted an annual Christmas event and shared Xmas gifts in Lagos.  …

2 hours ago