“Forex investigation: Dangote group will continue to accord EFCC cooperation”
Aliko Dangote, Chairman of the Dangote Group on Saturday has disclosed that as a responsible corporate business, it will continue to accord the Economic and Financial Crimes Commission (EFCC) the needed cooperation in its ongoing investigation relating to foreign exchange.
In a statement the Dangote Management explained that “the company received a letter from the EFCC in the first week of December 2023, requesting details of all the foreign exchange allocated to the company by the CBN from 2014 to present.
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“We understand similar letters were sent to 51 other Groups of companies requesting for the same information spanning the same period.”
According to the statement, the company responded to the EFCC to acknowledge receipt of the letter whilst seeking clarification on the subsidiaries or companies within the Group that they required information on.
It said the company also requested additional time to compile and properly present the extensive documentation for ten years.
The statement added “the EFCC did not provide the clarification sought and also did not honour our request for an extension and insisted on receiving the complete set of documents within the limited timeframe.”
“On 4 January 2024, our team delivered the first batch of documents to the EFCC. However, officers of the EFCC did not accept the documents, insisting on visiting our offices to collect the same set of documents directly.
“Whilst our representatives were still at the EFCC’s office to deliver the documents, a team of their officers proceeded to visit our offices to demand the same documents in a manner that appeared designed to cause us unwarranted embarrassment.”
It noted that no accusations of wrongdoing have been made against the company by the EFCC, adding that they are responding to a request for information to assist the anti-graft agency with their ongoing investigation.
Recall that officials of the EFFC visited the Dangote Group headquarters in Lagos on Thursday, to investigate forex allocations to the company during the tenure of Godwin Emefiele as Governor of the Central Bank of Nigeria, CBN.
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Information is presented to the best of our knowledge and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability concerning the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, any reliance you place on such information is strictly at your own risk.
