The Central Bank of Nigeria is watching closely the activities of top officials of commercial banks allegedly involved in illegal foreign exchange transactions. It was learnt that the illegal forex activities of some top bank officials were frustrating the CBN’s efforts aimed at converging the official and parallel market rates of the naira. This, industry […]
Read More Nigeria anti-corruption 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 […]
Read More The Economic and Financial Crimes Commission has arrested two directors of the Central Bank of Nigeria for alleged forex manipulation and economic sabotage. Sources at the EFCC told correspondents on Wednesday that the directors were still in custody as of press time at 7.30pm. It was learnt that the investigation into the CBN officials activities […]
Read More
