Nigeria investigates banking deals, questions CEOs


  • World
  • Wednesday, 11 May 2016

Nigeria's President Muhammadu Buhari speaks during a joint news conference with Cameroon's President Paul Biya in Abuja, Nigeria, May 4, 2016. REUTERS/Afolabi Sotunde

LAGOS (Reuters) - Nigeria's central bank and its financial crimes agency have launched an investigation into banking deals after allegations of illegal transactions and has interrogated three top banking executives, officials and bankers said on Tuesday

The move signals an escalation of a crackdown on graft by President Muhammadu Buhari who got elected a year ago on a ticket to fix the economy of a country where most Nigerians live in poverty despite its enormous energy wealth.

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