EFCC Raids Dangote Head Office In Lagos

Aliko Dangote, chief executive officer of Dangote Group, gestures after signing a factory construction contract with Sinoma International Engineering Co. Ltd. in Lagos, Nigeria, on Wednesday, Aug. 26, 2015. Dangote Cement has expanded capacity five-fold in the last four years as the company invested outside its home market. Photographer: Tom Saater/Bloomberg

By Adoga Stephen - Editor-In-Chief January 4, 2024

1 Min Read

The Economic and Financial Crimes Commission (EFCC) is currently investigating the forex transactions of 52 companies that took place while Godwin Emefiele was the Governor of the Central Bank of Nigeria (CBN).

As part of the investigation, the EFCC has conducted a search at the office of Dangote Company PLC in Lagos.

Dele Oyewale, the spokesperson for the EFCC, has not commented on the raid.

In recent months, investigators have accused the CBN of showing favouritism and benefiting certain individuals and companies by allocating foreign exchange to them in a non-transparent manner.

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By Adoga Stephen

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Stephen studied Mass Communication at the Lagos State Polytechnic, Ikorodu (now Lagos State University of Science and Technology), where he acquired requisite training for the practice of journalism. He loves the media, and his interest mostly lies in print medium, where his creative writing skill makes him a perfect fit.