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NEXIM Bank refutes N50 billion fraud allegation against MD

NEXIM Bank refutes N50 billion fraud allegation against MD

Finance
The Nigerian Export-Import Bank (NEXIM), has refuted the fraud allegations made against its Managing Director and Chief Executive, Abba Bello, by a group known as Citizens Committee for Corruption Free Nigeria (CCCN). According to the Bank, a social media report, claimed that CCCN had filed a petition to the Economic and Financial Crimes Commission (EFCC), calling for Bello’s probe, claiming he diverted the N50 billion Rediscounting and Refinancing Facility (RRF), provided by the Federal Government. NEXIM, in a statement, rebuffed the claim as false and calling it a campaign of calumny, noting that the attributed organisation was faceless, as its address could not be verified. The Bank explained that the N50 billion, which was wrongly referred to as RRF was the Export Development ...