Alleged fraud in CBN: Group berates Emefiele for redeploying suspended deputy governor, Nnanna

An anti-corruption group generally known as Residents Committee for Corruption-Free Nigeria (CCCN), on Sunday, got here onerous on the governor of Central Financial institution of Nigeria (CBN), Mr. Godwin Emefiele, for redeploying a deputy governor to the delicate Monitory Coverage Directorate.

Mr. Okwu Joseph Nnanna, who was suspended alongside 4 different administrators in March 2016, for defrauding the CBN in FOREX rip-off, was the deputy governor, Monetary System Stability (FSS) Directorate.

It was gathered that, the suspended Nnanna responded to some spam emails with out first cross-checking the authenticity of the mails and following CBN stringent fee course of earlier than authorising the discharge of funds when the governor and several other senior officers of the financial institution have been on a flight to China.

In accordance with a report, the sum of $441,000 was initially misplaced to the scammers. $251,000 was nonetheless blocked and recovered, leaving a stability of $190,000, which had already been cashed by the fraudsters.

Regardless of the large fraud uncovered by the CBN, Mr. Emefiele, in April 2018, redeployed the suspended deputy governor to the Monitory Coverage Directorate, to supervise Monitory Insurance policies .

In a press release issued Sunday afternoon by the Director, Anti-Corruption Unit of the CCCN, Alh. Bagudu Mohammed, the anti-corruption group frowned on the rationale behind preserving Nnanna in such a delicate place, at a time President Muhammad Buhari’s struggle towards corruption was yielding fruitful outcomes, stressing that, individuals with integrity ought to be positioned in such places of work, to get Nigeria again on monitor economically.

“The CBN Governor is seen as one of many main backbones of the Buhari led administration, judging by his applications in assuaging poverty in Nigeria.

“Since Nnanna grew to become the pinnacle of Monitory Coverage Directorate, the 5 hundred billion naira (N500Bn) Non-Oil Stimulation Facility is but to be disbursed to advertise the Non-oil commerce in boosting the Nation’s financial system.

“The large query is, what’s the Deputy Governor of the CBN who was suspended for FOREX fraud continues to be doing in the Central Financial institution of Nigeria? Why is he redeployed to the Monitory Coverage Directorate at a time Mr. President is diversifying the financial system to spice up Non-oil commerce as an alternative choice to the predominant oil financial system?

“Nigerians want to know the relationship between Mr. Godwin Emefiele and Okwu Nnanna and why he is still in the bank”, the assertion reads.

However in his response Sunday night time, Mr. Isaac Okoroafor, Director, Company Communications of the CBN, stated the group shouldn’t be taken critically, describing the assertion as “ridiculous” and a “blackmail”.

Okoroafor stated, “This matter had been dealt with and settled way back. The President had ordered the Inspector-Normal of Police to conduct a radical investigation into this matter. Dr. Nnanna and all different officers of the Financial institution had been suspended to permit for unfettered investigation.

“The case had been investigated and Dr. O J Nnanna and all of the officers concerned have been NOT discovered culpable they usually have been cleared accordingly. The IGP had submitted his report back to the President who ordered the recall of Dr. Nnanna and the remaining. That is public data.

“The authors of this story must be some of these jobbers peddling blackmail stuff. I urge you to disregard this story as it’s only an attempt by blackmailers to ridicule your publication”.

In the meantime, the group has warned, that, ought to nothing cogent is completed to redeploy the suspended deputy governor, a protest letter could be written to President Buhari, which might predate a day by day occupation of the CBN complicated in protests.

The CCCN, nonetheless, pledged its readiness to help President Buhari to attain his intention of ridding the nation of corrupt parts.

Supply hyperlink

What’s your reaction?

0/50 ratings
Custom Text

Leave a Reply