CBN suspends officials allegedly involved in fraud

The Central Bank of Nigeria, CBN, has suspended some key officials allegedly involved in an attempt to defraud it through phony transactions.

The Acting Director, Corporate Communications, of the apex bank, Isaac Okorafor made the disclosure on Thursday night.

Okorafor explained that the reason for the suspension was to allow the bank conduct full and unfettered investigation, though a preliminary investigation had not indicted anyone within the apex bank.

“This incidence has been reported to relevant authorities. The CBN wishes to assure the general public that the security of the bank remains intact,” Okorafor said.