The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has disclosed that forensic audit by Deloitte Management Consultant has shown that about $2.4 billion foreign exchange backlog out of the reported $7 billion FX liabilities of the federal government is not valid for settlement.
He disclosed that the audit’s findings showed various infractions, including non-existent entities and unauthorized FX allocations, making these liabilities invalid.
Cardoso made these startling revelations during an exclusive interview with Arise Television on Monday.
