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Forex Fraud: EFCC Operatives Storm Dangote Head Office In Lagos

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3 years ago

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Operatives of the Economic and Financial Crimes Commission (EFCC) have reportedly stormed the head office of Dangote Group and 51 others where they are currently probing forex allocation to the companies during the tenure of Godwin Emefiele as Governor of the Central Bank of Nigeria.

EFCC spokesperson, Dele Oyewale, declined comments on the development.

However, a Dangote employee confirmed that EFCC operatives were at the company’s head office.

“They asked for documents on forex transactions with the CBN,” the employee said.
Recall that in November 2023, Dangote Group denied allegations of foreign exchange (forex) malpractices and money laundering of a purported sum of $3.4 billion.It is understood that the EFCC operatives who visited the Dangote office on Thursday requested documents related to forex allocations to the group from 2015 to the time Emefiele was suspended by President Bola Tinubu and subsequently arrested by the agents of the Department of States Services in June 2023.

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