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Between August 2016 and November 2018, the Central Bank of Nigeria (CBN) made a number of transfers totaling $616 million (more than N400 billion) to the office of the National Security Adviser (NSA) under Major-General Babagana Monguno. This unusual action reveals the murky business practices of the CBN under recently suspended Governor Godwin Emefiele. Data obtained from the website of the CBN showed that the apex bank started making these transfers to the ...
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