The Economic and Financial Crimes Commission (EFCC) has reportedly begun an investigation into an alleged multi-billion naira fraud at the Central Bank of Nigeria (CBN).
The said fraud centres on the disbursement of a loan facility being managed by the director in charge of the CBN agricultural loans.
CBN Governor, Godwin Emefiele, is reportedly fighting hard to stop the probe and has reached out to the Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), to wade into the EFCC investigation of the CBN director of Development Finance Department (DfD), Yila Yusuf.
Yila’s DfD is in charge of gricultural loans at the CBN.
EFCC operatives, according to Sahara Reporters, last week stormed the CBN department over some atrocities allegedly committed by Yila Yusuf.
He was accused of owning expensive houses and cars in Abuja and in the Lekki area of Lagos state.
“Last week, the EFCC went to CBN DfD, the department that deals with agric loans and more,” a CBN source is quoted to have said.
“That is the cash cow of Emefiele and is led by a corrupt director, Yila. Since last week, Emefiele has been doing all he can through the Attorney-General, Malami, to ensure Bawa does not investigate the department.
“Changes have also been done in the department by redeployment of staff who Yila and Emefiele assumed were leaking the atrocities in the department.
“The said director was invited to Lagos but the matter has been shut down by Emefiele and Malami. Yila Yusuf is accused of owning expensive houses and cars in Abuja and Lekki part of Abuja.”
The CBN has in the past claimed it distributed billions of naira as loans under the Agricultural Credit Guarantee Scheme Fund (ACGSF) to farmers.
The latest investigation by the EFCC only adds to the growing list of atrocities and scandals that the lavish CBN governor, Emefiele, is enmeshed in.
