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January 6, 2025

EFCC Investigates Dangote Group’s Forex Transactions During Emefiele’s CBN Tenure

Aliko Dangote

Aliko Dangote

In a significant development, operatives of the Economic and Financial Crimes Commission (EFCC) have reportedly conducted a search at the Lagos head office of the Dangote Group. The focus of their investigation revolves around forex allocations to the conglomerate during the tenure of Godwin Emefiele as the governor of the Central Bank of Nigeria (CBN).

According to reliable sources, the EFCC is scrutinizing the forex transactions between the Dangote Group and the CBN during the specified period. The investigation seems to be rooted in suspicions of potential irregularities or improprieties related to these transactions.

Dele Oyewale, the EFCC spokesman, remained tight-lipped when questioned by TheCable, refraining from providing any comments on the ongoing investigation. However, a Dangote employee acknowledged the presence of EFCC operatives at the head office and disclosed that they requested documents pertaining to forex transactions with the CBN.

This move raises questions about the nature of the alleged forex scam and its potential implications. As the investigation unfolds, it will be closely monitored for any updates regarding findings or statements from both the EFCC and the Dangote Group.

The incident highlights the regulatory scrutiny that major corporations may face, even those as prominent as the Dangote Group. As the story develops, it will undoubtedly draw attention to the intricacies of forex dealings and the regulatory environment within which businesses operate.

TheCable.

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