Social Integrity Network Demands Probe Of Alleged $2.4bn Forex Trading Fraud

The Social Integrity Network, (SINET) has demanded further clarification concerning a statement credited to the Central Bank of Nigeria, CBN Governor, Mr. Olayemi Cardoso, about the alleged $2.4bn forex trading fraud.

The group also urged President Bola Tinubu and the leadership of the National Assembly to compel the Governor, to order and reconsider honouring the forward contracts that are genuinely backed up with proper compliant documents for utilisation against each Letters of Credit (LCs) opened by the commercial banks using the forwards as a hedge.