Economic and Financial Crimes Commission has launched a probe into the forex transactions of 52 companies.
The anti-graft agency is investigating forex allocations to these companies during the tenure of the former governor of the Central Bank of Nigeria, Godwin Emefiele.
The EFCC, it was learnt, had written to the various companies demanding documentation on their forex transactions in the last 10 years.
Among the big companies under EFCC probe include Dangote Group, BUA Group and Flour Mills. But all the companies have, in their correspondences with the EFCC, denied any wrongdoing.
Insiders said the Dangote Group has expressed its readiness to explain every detail of its forex transactions, insisting it did not breach any laws.
EFCC has yet to make any comments on the development.
On June 9, 2023, President Bola Tinubu suspended Emefiele as CBN governor. He was subsequently arrested and detained for over five months.
The former CBN governor has been charged to court over various allegations which he has denied.