The Central Bank of Nigeria says it is working in collaboration with law enforcement agencies to investigate certain questionable financial transactions in some commercial banks in the country.
In a statement issued by the bank’s acting Director, Corporate Communications, Mr. Issac Okorafor, on Monday, the CBN said it is fully aware and indeed a part of the ongoing investigation of certain financial transactions in some banks by law enforcement authorities.
It said the CBN is also carrying out its own special examinations and investigations to ascertain the veracity of some allegations as well as the extent and persons that maybe involved in such activities.
The bank which reiterated that financial systems stability remains a priority, assured customers and stakeholders that it will not allow the banking system to be used as a conduit for any illicit transaction.
VANGUARD
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