CBN Uncovers Fraud, Suspends Officials

The Central Bank of Nigeria, CBN, has said it uncovered and aborted a highly sophisticated plot to defraud it by some criminally-minded elements.

The bank also said it placed all key personnel involved in the transaction on suspension in order to ensure a full and unfettered investigation although it noted that preliminary investigations so far had not revealed any accomplices within the CBN.

The Acting Director, Corporate Communications, CBN, Mr. Isaac Okorafor, stated, “This incidence has been reported to relevant authorities. The CBN wishes to assure the general public that the security of the bank remains intact.”