CBN aborts fraud as investigation progresses

Management of the Central Bank of Nigeria (CBN) has suspended key personnel involved in fraudulent transactions.

This is coming as the regulator of Nigerian banks said it had uncovered and aborted a highly sophisticated plot to defraud it by criminally minded elements.

A statement signed by Isaac Okoroafor, acting director, corporate communications, CBN, said preliminary investigations so far had not revealed any accomplices within the CBN.

But the incidence, he said, has been reported to relevant authorities, while assuring the general public that the security of the apex bank remains intact.