Business
EFCC probes Dangote, BUA, 50 other companies over forex transactions
Operatives of the Economic and Financial Crimes Commission (EFCC) is currently probing 52 companies over forex transactions.
According to reports on Thursday, the anti-graft agency was conducting a investigation on forex allocations to the companies during the tenure of Godwin Emefiele as governor of the Central Bank of Nigeria (CBN).
Recall that President Bola Tinubu during a trip to Paris, France, described Nigeria’s financial system under Emefiele “rotten.”
Big companies including Dangote Group, BUA Group and 50 others were under the searchlight of the EFCC.
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