In a significant move to address suspected irregularities in foreign exchange transactions, the Central Bank of Nigeria (CBN), led by Governor Olayemi Cardoso, has initiated a joint investigation with the Economic and Financial Crimes Commission (EFCC) into alleged forex racketeering involving banks and firms. The investigation, prompted by concerns over questionable foreign exchange allocations and … Continue reading CBN, EFCC Launch Investigation into Alleged Forex Racketeering by Banks