CBN SUSPENDS KEY MEMBERS OF STAFF FOR FRAUD



The Central Bank of Nigeria (CBN) yesterday said it had uncovered and aborted, “a highly sophisticated plot” by some criminals to defraud it through a fraudulent transaction. 

In a statement issued last night by the Acting Director, Corporate Communications, Mr. Isaac Okorafor, the CBN said that although preliminary investigations had not revealed any accomplices within the apex financial institution, it had decided to place all key personnel involved in the transaction on suspension. 

The regulator said the action “is to ensure a full and unfettered investigation.”

The CBN stated that the incidence has been reported to relevant authorities, assuring the general public that security of the apex bank remains intact.

It will be recalled that the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), on Wednesday, announced that the Federal Government had directed the Economic and Financial Crimes Commission (EFCC) to investigate the operations of the Central Bank of Nigeria (CBN), banks, Bureau De Change (BDC) operators and some businessmen, among others, over the forex scarcity and weak naira.

He also stated that any operator found guilty of taking part in activities which have contributed to the weak state of the naira will be prosecuted.

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Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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