CBN Scandal: No Monies Missing, Stolen in CBN

by on May 13, 2019

The Central Bank of Nigeria (CBN) on Sunday scrambled a rebuttal to deny media reports that it lost over N500 billion after a private investment by some of its top officials went awry.

Sahara Reporters had reported earlier a telephone conversation involving the CBN Governor, Godwin Emefiele; his deputy, Edward Adamu; the Director of Finance, Dayo Arowosegbe; and the Special Adviser to the CBN Governor, Emmanuel Ukeje.

The online medium said the discussion of the top CBN officials was about a plot to cover up the huge loss after a private investment in Dubai, United Arab Emirates, went bad.

But, the bank in a statement by its spokesperson, Isaac Okorafor, denied any money was either stolen or missing from is vaults.

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It admitted the audio was authentic but said they were “selective conversations.”

See press release:

CBN Press Release (120519)

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