*Alleges that Dangote, BUA, 50 other companies are involved in forex racketeering
*It was reported that Lagos HQTRS of both were besieged by EFCC officials around 3pm
*Reports also had it that EFCC is probing forex allocations to about 52 coys including Dangote, BUA
*That the Commission discovered the allocations were not approved by fmr President Buhari
By Kenneth Atavti
The operatives of the Economic and Financial Crimes Commission have besieged the Lagos state Head offices of the Dangote Group of Companies and that of BUA Towers.
It was reported that the search commenced at the two company’s head office in Lagos around 3 p.m. on Thursday while it was revealed that the anti graft agency is probing the foreign exchange allocations made to about 52 companies, including Dangote Plc and BUA Group during the tenure of the former Governor of the Central Bank of Nigeria, Godwin Emefiele.
“The Commission is investigating Dangote Plc and about 51 other big companies. The Commission discovered that the allocations were not approved by former President Muhammadu Buhari,” a source claimed.
The source revealed, “Our operatives are currently at BUA’s office in Lagos Island. The commission (EFCC) is also investigating BUA Plc for the same reason as Dangote Plc, over the preferential foreign exchange allocations made by the former CBN Governor, Emefiele in defiance of extant financial rules and regulations and in disregard to the CBN Act.
“There are about 51 other big companies under probe over the development too; and the commission discovered that the allocations were not approved by the former President Muhammadu Buhari.”
Reports had it that when contacted over the development, the spokesperson for the EFCC, Dele Oyewale, confirmed the presence of the anti-graft operatives at both locations, however, he could not confirm the reason for their presence.
“Yes, our operatives were at BUA office in Lagos too as they were at Dangote, but I can’t comment on the reason for their presence there”, Oyewole explained.
Also, 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.
Barely three weeks ago, embattled Emefiele, was accused of illegally lodging billions of naira in no fewer than 593 bank accounts in the United States, United Kingdom, and China without the approval of the apex bank’s board of directors and the CBN Investment Committee.
The Special Investigator on the CBN and Related Entities, Jim Obaze, found that the ex-CBN governor lodged £543, 482,213 in fixed deposits in UK banks alone without authorisation.
Obaze submitted his final report tagged, ‘Report of the Special Investigation on CBN and Related Entities (Chargeable offences) to President Bola Tinubu, late last year.
But, the former governor of CBN denied all the allegations in a statement he issued in Abuja, two days after his release from the Kuje Correctional Center.