Forex Allocations: Dangote Lagos Office Raided By EFCC

Aliko Dangote 

The Lagos head office of the Dangote Group was on Thursday raided by the operatives of the Economic and Financial Crimes Commission (EFCC).

A search of the premises was said to have been conducted by the anti-graft agency's operatives.

The raid on the office of the richest man in Africa came consequent upon alleged forex transactions with the Central Bank of Nigeria (CBN).

According to the spokesman for the Commission, Dele Oyewale, “Our operatives are on a search of the company.”

It was learnt that the EFCC operatives conducted a search on forex allocations to Dangote Group during the tenure of Godwin Emefiele as the CBN Governor. 

Oyewale added: “Dangote Group is one of the beneficiaries of forex deals by the CBN. So we are looking into the books because of discoveries of illegal transactions. So it is part of the probe of CBN under Emefiele.”

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