By Jonah Nwokpoku

The Central Bank of Nigeria, CBN has said it is indeed part of the ongoing investigations of certain financial transactions in some banks by law enforcement agencies, adding that it would never allow banks to be used as conduits for illicit transactions.

CBN Governor, Mr Godwin Emefiele

This was contained in a statement issued by the apex on Monday as part of measures to assuage the fears of the general public especially some customers and stakeholders of some money deposit banks who are being investigated for alleged involvement in financial corruption.

According to the statement signed by the bank’s Acting Director,Corporate Communications, Isaac Okorafor, “The CBN is also carrying out its own special examinations and investigations to ascertain the veracity of some allegations, as well as the extent and persons that may be involved in such activities.”

The statement further noted that, “The bank would like to reiterate that financial system stability remains a priority and therefore assures customers and stakeholders that it would not allow the banking system to be used as a conduit for any illicit transactions.”
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