Categories: News

Forex Scandal: Embattled Emefiele Faces New Charges

The embattled former governor of the Central Bank of Nigeria, Godwin Emefiele might face an amended charge to include new discoveries in the ongoing probe of forex transactions under his probe.

Osun Defender reports that the Economic and Financial Crimes Commission has written to over 85 entities comprising corporate organisations and individuals over an ongoing investigation into alleged fraudulent foreign exchange allocations under Emefiele.

The anti-graft agency has also summoned senior officials of the affected entities and mandated them to provide detailed documents of their foreign exchange transactions covering the last nine years.

A top EFCC source revealed that the commission’s investigation was comprehensive, deeper, and encompassing, and independent of the report of the special investigator appointed by President Bola Tinubu to probe the CBN, Jim Obazee.

The source disclosed exclusively to PUNCH that Emefiele would face fresh charges by the EFCC over the ongoing foreign exchange probe.

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