Gatekeepers News reports that EFCC is investigating forex allocations to these companies during the tenure of Godwin Emefiele as governor of the Central Bank of Nigeria (CBN).
The EFCC wrote to the various companies asking for documentation on their forex transactions in the last 10 years.
Although some of the big companies under investigation include Dangote Group, BUA Group and Flour Mills, they have all denied wrongdoing in their communications with the EFCC.
According to insiders, the Dangote Group said it is ready to explain every detail of its forex transactions as it did not breach any laws.
Meanwhile, details of the EFCC investigations are still sketchy but it appears to be a blanket investigation into the biggest companies that got forex allocations from the CBN under Emefiele.
The ministries of police affairs and youth development have inaugurated the “Young & Secure” project…
Federation of International Football Associations (FIFA) has announced Brazil as the host country for the…
Nigerian Education Loan Fund (NELFUND) has fixed May 24 for the opening of the student…
Governor of Ogun State, Southwest Nigeria, Dapo Abiodun has appreciated President Bola Ahmed Tinubu for…
Former Deputy National Chairman of the Peoples Democratic Party, and Member of the party’s Board…
Newspaper Headlines: Five Things You Need To Know This Morning Dollar To Naira Exchange Rate…