It has emerged that 51 companies are under investigation of the Economic and Financial Crimes Commission, EFCC, for monkey business pertaining to foreign exchange during the time of Godwin Emefiele as Central Bank governor.
Emefiele’s reign is under probe with the person leading the Special Investigation Panel, Jim Obazee, imputing several financial shenanigans to him.
The embattled ex-governor of the CBN was accused among others: of lodging £543, 482,213, and manipulating the naira exchange rate in favour of some persons and entities.
In respect of the latter, the EFCC stormed Dangote and BUA head offices on investigative mission.
Report has come on the heels of the search that there are 49 other companies that CBN under Emefiele gave preferential foreign exchange allocations to, in defiance of extant financial rules and regulations and in disregard to the CBN Act.
According to Punchng citing an unnamed source, the anti-graft agency is investigating all the 51 companies.
“There are about 51 other big companies under probe over the development too, and the commission discovered that the allocations were not approved by the former President Muhammadu Buhari, so it was more of a means for the former CBN governor and his cronies to launder money through forex and Bureau De Change operators,” the publication quoted the source as saying.
