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Emefiele Kept £543.4m in Fixed Deposit, Operated 593 Bank Accounts, Manipulated Exchange Rate-Investigator.
- Source :
- Business Post Nigeria; 12/22/2023, pN.PAG-N.PAG, 1p
- Publication Year :
- 2023
-
Abstract
- Former central bank governor of Nigeria, Godwin Emefiele, has been accused of operating 593 bank accounts in the United States, United Kingdom, and China without authorization from the Central Bank of Nigeria (CBN). An investigator appointed by President Bola Tinubu found that Emefiele and other officials allegedly stole billions of Naira from the CBN's accounts, including a fraudulent cash withdrawal of $6.23 million. The investigator recommended the prosecution of Emefiele and 13 other individuals for financial offenses. The report also revealed fraudulent use of funds, misrepresentation of presidential approval, and manipulation of the Naira exchange rate. [Extracted from the article]
- Subjects :
- BANKING industry
BANK accounts
WITHDRAWAL of funds
DEPOSIT accounts
NIGERIANS
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Business Post Nigeria
- Publication Type :
- Periodical
- Accession number :
- 177341532