Nigeria In One Minute
Forex manipulation: EFCC invites more senior CBN officials
The Economic and Financial Crimes Commission has invited more senior officials of the Central Bank of Nigeria as part of investigations into an alleged foreign exchange scam and other sharp practices within the apex bank.
Reliable sources within the anti-graft agency said the investigators probing the scam believed strongly that the activities of some officials of the bank impacted negatively on the fortunes of the naira and contributed to its drastic slump in recent months.
The PUNCH had exclusively reported on Thursday that the EFCC detained and grilled two directors on Wednesday. It was, however, learnt on Thursday that the officials were released late on the same day after writing statements on oath. A reliable source within the agency had earlier assured our reporter that the CBN senior officials were being grilled as of the time this paper was going to bed on Wednesday.
Additional findings by The PUNCH on Thursday revealed that the senior officials grilled by the EFCC were the Director of Procurement and a Special Adviser to the Central Bank Governor, Godwin Emefiele.
A top official at the anti-graft agency said the bank accounts of suspected persons were being scrutinised by security agents with a view to determining the sources of money and their trails. The source added that the agents would check if the money which passed through the accounts corresponded with the salaries and allowances of these officials.
Punch, March 31, 2017
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