Bank suspends staffs allegedly involved in fraud

yinka ogunlami

March 11, 2016 4:12 PM

In a recent statement signed by Isaac Okoroafor, Acting Director, Corporate Communications, the Central Bank of Nigeria CBN have suspended some of its staffs allegedly involved in fraudulent practises.

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In a recent statement signed by

The statement explained that CBN is currently investigating a plot by some of its members to fraud the bank.

Read: 'About $20 billion idle in domiciliary accounts,' bank says

Read statement below;

“A highly sophisticated plot to defraud the by some by some criminally minded elements has by uncovered and aborted by the Bank.

“Although preliminary investigations so far have not revealed any accomplices within the CBN, Management has decided to place all key personal involved in the transaction on suspension. This is to ensure a full and unfettered investigation.

“The incidence has been reported to relevant authorities. The CBN wishes to assure the public that the security of the Bank remains intact”

Most recently, Joseph Nnana, deputy governor, financial system surveillance, CBN during a meeting with government officials on the 2016 budget indicated that about $20 billion lying idle in various domiciliary accounts.

Read: 'We will start selling FX to CBN by 2020,' Dangote says

Nnana stated that these domiciliary accounts is one of the reasons why US dollar has continued to increase against Nigeria Naira.

yinka ogunlami