THE Central Bank of Nigeria, CBN, has dismissed insinuations that the N13 billion discovered by the Economic and Financial Crimes Commission, EFCC, in a luxury apartment at Osborne Road, Ikoyi, Lagos was moved directly from the bank to the National Intelligence Agency, NIA.

Recovered Money The amount was the total of the $42 million, £27,000 and N23 million recovered from the apartment. The CBN’s reaction came against the backdrop of reports that the NIA claimed that it got the money from the CBN.

Asked to clarify the CBN’s role in the disbursement of the funds, , Isaac Okorafor, spokesman of the bank told online portal, Premium Times, that the apex bank deals directly with banks and not government agencies or individuals.

He said:   “It is true the Central Bank of Nigeria issues mint-fresh notes, but it is only to banks.  After that (issuance to banks), CBN does not know which of their customers they (the banks) give those notes to and for what purpose.

“I cannot say if the notes the NIA is claiming came from the CBN. So, I will not be able to answer questions on it for now, except I receive a specific request.” – Vanguard

—  Apr 18, 2017 @ 10:30 GMT

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