CBN discovers $2.4bn forex irregularities causing naira instability

Governor Cardoso, speaking in a pre-recorded interview on Arise TV, provided insights into the findings of the investigation.

The scam has not only exerted immense pressure on the already struggling naira but has also had effect on the currency market according to the CBN governor.

The discovery emerged following an extensive audit conducted by Deloitte, a consulting firm hired by the CBN to investigate the suspicious claims.

Pulse: Read More