Nigeria to Take Over Banks Purchased by Ex-CBN Gov, Emefiele

Nigeria to Take Over Banks Purchased by Ex-CBN Gov, Emefiele

Nigeria said it will take possession of two banks that were allegedly bought at a major discount by former Central Bank Governor Godwin Emefiele, according to a report by a special investigator appointed by President Bola Tinubu.

“We have completed our investigation on this acquisition and we are on the verge of recovering these two banks for the federal government,” the report said.