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At a time when President Muhammadu Buhari, had severally reiterated his resolve to decisively deal with anyone found engaging in corrupt activities, some cabals in the All Progressive Congress, APC, have been alleged to be engaging in illegal buying and selling of dollars, directly from the apex bank, thereby, further devaluing the naira.
According to investigation by Post-Nigeria, ‎some top APC politicians in a bid to further exploit the economy, have resulted in collaborating with top Central Bank of Nigeria, CBN, staff, as they cart away ‎ghana must go bags filled with dollars, for the sole purpose of round tripping, within  midnight hours of 1-3 am daily.
‎The development is coming at a time, when the Emir of Kano, Sanusi Lamido Sanusi,‎ had accused members of the elite class of contributing to the death of the economy, as they make do of their connections via phone calls, to obtain dollars at a special rate from the CBN.
‎The Monarch, had while lamenting the ugly development, also accused the apex bank under Godwin Emefiele, of funding President Muhammadu Buhari’s government illegally.
‎”The CBN-FGN relationship is no longer independent. In fact, one could argue their relationship has become unhealthy.


“CBN claims on the FGN now, tops N4.7 trillion — equal to almost 50% of the FGN’s total domestic debt.
“This is a clear violation of the Central Bank Act of 2007 (Section 38.2), which caps advances to the FGN at 5% of last year’s revenues.
“Has CBN become the government’s lender of last or first resort?” Sanusi asked.
On the illegal purchase of dollars for round tripping, Sanusi said, ‎”There is one rate for petroleum marketers, there is inter-bank rate, there is another for money market operators, such as western union, money gram, there is bureau de change rate, and there is a special rate you get when you call the CBN for a transaction,” Sanusi said.
Although, the apex bank had dismissed Sanusi’s statement, Post-Nigeria in a bid to investigate the mind blowing allegation, discovered that the Monarch’s statement was a fact.
‎Post-Nigeria’s close source at the apex bank when contacted, confirmed the incident, as he decried the rate at which corruption ‎is thriving in a government that is said to be fighting corruption.
‎Speaking on anonymity, he said, “Some well known big wings, mostly top politicians, usually within the period of 1-3 am midnight, ‎send their boys to the CBN headquarters, of which some number of ghana must go bags filled with dollars, are carted away, in collaboration with top CBN staff.”
Confirming further, he said, “If you doubt what am saying, come around within such hours you will discover huge vehicular movement mostly tinted vehicles moving in and out of CBN”.
Asked how often, he stated that the deal happens almost on a daily basis, as it involves some number of cabals.
Confirming the investigation, a business tycoon residing in Abuja, who also spoke to Post-Nigeria, said, “Emir Sanusi statement is just the very fact.
“There is huge corruption taking place in the CBN headquarters, ‎this top cabals buy at a special rate from the central bank and make an unimaginable profit as they sell at over N400/$ to black Marketers who in turn sells within N470-480/$
‎”They are the ones determining the ‎black market rate as they can decide to hoard it for a while in a bid to artificially  hike the price” the Abuja based business man said.

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