CBN, EFCC Probe Banks, Firms over Alleged Forex Racketeering

Central Bank of Nigeria (CBN), is investigating irregular foreign exchange transactions and forward contracts valued at approximately $2.4 billion. The  inquiry follows an extensive audit by Deloitte, which scrutinized $7 billion in dollar debts accumulated under the bank’s previous leadership. In the aftermath of the 294th Monetary Policy Committee meeting in Abuja, Yemi Cardoso, governor […]