CBN foils internal fraud, suspends top officials
The Central Bank of Nigeria (CBN) said it has uncovered and prevented a highly planned fraud against the bank by those it described as “criminally minded elements” in one of its units that was not mentioned, which has led to suspension of some of its top officials connected to the fraudulent transaction aimed at defrauding the apex bank regulating body.
A source who pleaded anonymity confirmed to Daily Times at the weekend that the fraud is huge and although such attempts can be made from external sources, it would not be entirely unconnected with an insider.
In a statement signed by CBN’s acting director, corporate communications, Mr. Isaac Okorafor, the bank said it has launched an “unfettered investigation into the fraud.
According to Okorafor statement, “A highly sophisticated plot to defraud the Central Bank of Nigeria (CBN) by some criminally minded elements has been uncovered and aborted by the bank.”
He added that, “Although preliminary investigations so far have not revealed any accomplices within the CBN, management has decided to place all key personnel involved in the transaction on suspension. This is to ensure a full and unfettered investigation.”
The bank also assured Nigerians that the bank has its security totally intact, adding that the case at hand has been referred to the appropriate authorities.
“This incidence has been reported to relevant authorities. The CBN wishes to assure the general public that the security of the bank remains intact.”
Meanwhile, CBN and Deposit Money Banks have said effective prosecution of fraudsters will be their focus this year.
Speaking under the aegis of the Nigerian Electronic Fraud Forum, they also promised to continue to secure electronic payment platforms and protect customer information.
The Director, Banking and Payment Systems, CBN, Mr. Dipo Fatokun, who is also the Chairman of the NeFF, stated this in Lagos during the maiden general meeting of the forum.
He said, “Top on the list of the agenda is the setting up of a dedicated e-payment and card crimes unit in the Nigeria Police Force.
