News

Tension as EFCC raids Dangote office in Lagos

Published

11 months ago

January 4, 2024

The Economic and Financial Crimes Commission (EFCC) has raided the headquarters of the Dangote Group in connection with an ongoing investigation into forex allocations in the country.

According to reports, the EFCC operatives on Thursday at the headquarters of one of Africa’s largest conglomerates in Lagos demanded documents relating to the allocation of foreign exchange to the group in the last ten years.

They then scrutinised the documents provided by officials of the Group for hours, carting some of them away.

It was learnt that the EFCC had written to 52 companies directing them to supply documents supporting the allocation and utilization of foreign currencies to them in the last 10 years.

The EFCC letter to the companies is part of ongoing investigation into alleged preferential Forex allocations to individuals and organisation by the Godwin Emefiele-led Central Bank of Nigeria.

Investigators have in the past months accused the CBN of favouring and enriching some individuals and companies through non-transparent allocation of foreign exchange to them.

Dele Oyewale, the EFCC spokesman, has declined to comment on the raid.