Corruption allegations have been traced to Nigeria apex bank, Central Bank of Nigeria’s foreign exchange allocation and transactions. The Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN) said the fraud allegations were “supported by several documents.”
The AGF demand “prompt response” to the allegations from the CBN governor, Godwin Emefiele.
Malami’s letter, dated February 6, 2017, and with reference number, HAGF/CBN/2017/VOL.1/1, in polite terms and without giving any ultimatum, asked Emefiele to respond to the allegations “to enable us to advise the Presidency and take appropriate measures.”
Titled ‘allegations of racketeering in the Central Bank of Nigeria; disparity in allocation of foreign exchange’, and addressed to Emefiele, the letter was delivered to the CBN governor’s office on Monday.
The minister, in the letter, said he became aware of the corruption allegations through several petitions.
Four major allegations contained in Malami’s letter to Emefiele include alleged corruption in the apex bank’s “foreign exchange allocation transactions.”
The second is “questionable policy” in the apex bank’s allocation and sale of foreign currency to Nigerians.
The third is the issue of “arbitrary allotment of different exchange rates for same purposes” by the CBN.
The last is allocation of conflicting foreign exchange rates by the CBN.
The letter partly read, “Some of these petitions have been supported by several documents allegedly showing that the central bank has implemented a questionable policy in its allocation and sale of foreign currency to Nigerians.
“It is further alleged that this arbitrary allotment of different exchange rates for same purposes at the same time is being pursued as policy by the Central Bank of Nigeria. See attached documents from Leadershipng publication.
“Also attached is a report of the October 2016, allocation of conflicting foreign exchange rates by the central bank.
“In view of these allegations of corruption and arbitrary allocations of foreign exchange to a certain class of persons, you are kindly requested to comment on these allegations to enable us to advise the Presidency and take appropriate measures as may be dictated by the circumstances of the case.”