Nigeria In One Minute

$2b Bank Fraud: FG probes 2 serving ministers, ex-CBN gov

The Federal Government has launched a probe into how a former Central Bank Governor connived with two serving ministers in the present administration to rip off no fewer than 65,000 Nigerians through official manipulation and transfer of their shares to foreign entities for pecuniary reasons.

The probe was triggered by a strong petition filed by shareholders, whose shares were inexplicably reduced by the key government agencies and officials and awarded to the foreign entities apparently fronting for them.

Before now, allegations against serving ministers and top government officials were hardly investigated by the anti-graft agencies. This tended to give credence to allegations that President Buhari’s anti-graft war was targeted at only the opposition. The latest development, our sources said, could prove critics wrong.

Read more: Vanguard, May 25, 2019

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com