EFCC dey check $347bn forex funds, call foreign companies
EFCC dey waka enta investigation mode as dem probe di matter of $347 billion wey dem share give different Naija companies from January 2014 reach June 2023. Based on findings wey The PUNCH carry out, EFCC no just dey investigate local companies but dem don extend their searchlight reach foreign firms wey dey do business for Naija.
As we dey gather information, Central Bank of Nigeria data wey dem analyze talk say both local and foreign companies don kolobi at least $347.49 billion from CBN for the 10-year period. This data dey show how different sectors or industries dey use and get foreign exchange, and e dey part of di ongoing EFCC probe.
The whole matter come dey hot as EFCC still dey look into di forex allocations wey e hand over to companies like Dangote Group and 51 other companies when Godwin Emefiele be CBN Governor. Based on findings from The PUNCH, EFCC don shine their eye well-well on these 52 companies because dem collect di biggest chunk of di $347 billion wey waka between dat time.
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For now, dem never talk exactly how much di 52 top companies get for di time under review. But according to di breakdown from CBN’s quarterly statistical bulletin, di money wey dem share per year dey show say CBN share $65.99 billion in 2014, $44.6 billion in 2015, $25.5 billion in 2016, $27.64 billion in 2017, $40.81 billion in 2018, $43.99 billion in 2019, $28.24 billion in 2020, $16.4 billion between January 2021 and September 2021, $17.38 billion between October 2021 and March 2022, and $36.88 billion between April 2022 and June 2023.
For di import category, industrial sector chop di highest allocation with $69.71 billion, followed by food products with $24.88 billion, manufactured products with $32.73 billion, transport sector with $6.67 billion, agriculture with $2.83 billion, minerals with $2.88 billion, and oil sector with $37.46 billion.
As dis mata dey unfold, e dey come out say di investigation dey part of EFCC effort to tackle forex scandal for di kontri.
You fit go read di tori as EFCC probe Naija companies…READ MORE
