Vunderkind
Social Member
THE chairman of one of the three banks rescued by the suspended Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has landed in police net over alleged involvement in in a $21 million Letter of Credit scam.
The Special Fraud Unit (SFU) of the police investigating the matter had, last week, detained the chairman for three days after which he was released on administrative bail.
Details of the transaction indicated that the bank chairman had, sometime between June and September 2013, opened three Letters of Credit totalling $21 million in favour of a company named MBS Merchants Limited.
Click here to read more
Source: Tribune
The Special Fraud Unit (SFU) of the police investigating the matter had, last week, detained the chairman for three days after which he was released on administrative bail.
Details of the transaction indicated that the bank chairman had, sometime between June and September 2013, opened three Letters of Credit totalling $21 million in favour of a company named MBS Merchants Limited.
Click here to read more
Source: Tribune
