Operatives of the Economic and Financial Crimes Commission (EFCC) raided the headquarters of the Dangote Group on Thursday in connection with an ongoing investigation into forex allocations in the country.
Sources hinted that on arrival at the headquarters of one of Africa’s largest conglomerates in Lagos, the EFCC operatives demanded documents relating to the allocation of foreign exchange to the group in the last ten years.
They then scrutinised the documents provided by officials of the group for hours, carting some of them away.
NewMailNG learned that the EFCC had written to 52 companies directing them to supply documents supporting the allocation and utilization of foreign currencies to them in the last 10 years.
Investigators have in the past months accused the CBN of favouring and enriching some individuals and companies through the non-transparent allocation of foreign exchange to them.
The forensic audit of the CBN under Emefiele had earlier uncovered 593 bank accounts domiciled in the United States, the United Kingdom, and China in which Nigerian funds were deposited without authorisation from the board and investment committee of the apex bank.
The special investigator revealed that the sum of 543.4 million pounds was kept by Emefiele in fixed deposit accounts, adding that the ex-CBN chief manipulated the naira exchange rate and committed fraud in the e-Naira project.
Our source said that while some of the companies the EFCC wrote to had since complied, others asked for more time to gather the information and documents.
But in a surprising move, the EFCC stormed Dangote headquarters Thursday just as the company tried to surrender boxes of documents to the anti-graft agencies.
“The Dangote people intimated the EFCC that the documents were ready and that they were bringing them over,” a source familiar with the matter told our correspondent. “But the EFCC said its operatives would rather come to the company to collect the documents.”
The source said such Gestapo tactics by the EFCC could discourage foreign investors from coming to Nigeria.
“The Dangote Group is perhaps Africa’s largest conglomerate, and it is troubling that the EFCC could deal with it in an unnecessary show of force, especially when it is not obstructing its investigation in any form,” the source added.
When contacted, the spokesperson for the EFCC, Dele Oyewale, declined to comment on the matter, saying he was at a meeting. He did not answer or return subsequent calls made to him.
The spokesperson for the Dangote Group, Anthony Chiejina, could not be reached to comment for this story.