- EFCC wrote to the various companies asking for documentation on their forex transactions in the last 10 years
The Economic and Financial Crimes Commission (EFCC) is presently conducting a search operation at the Lagos head office of the Dangote Group.
This action, reported by Sahara Reporters, allegedly focuses on forex allocations to the company during Godwin Emefiele’s tenure as Governor of the Central Bank of Nigeria.
Dele Oyewale, spokesperson for the EFCC, confirmed this development.
According to TheCable, EFCC wrote to the various companies asking for documentation on their forex transactions in the last 10 years.
Some of the big companies being investigated are Dangote Group, BUA Group and Flour Mills — but they have all denied wrongdoing in their communications with the EFCC.
Notably, Dangote Petroleum Refinery recently received its fourth shipment of one million barrels of bonny light crude oil from the Nigeria National Petroleum Corporation Limited (NNPCL).
This delivery constitutes the fourth out of an anticipated six million barrels of crude oil designated for the world’s largest single-train refinery.
Previously, the Dangote Refinery had already received three million barrels of crude oil.
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