The Central Bank of Nigeria (CBN) has officially denied any investigations into Ecobank Nigeria and Ecobank Transnational Inc. Specialized Resolutions Company (ETISRC) over allegations of extortion.
The CBN’s statement refutes rumors suggesting that the financial institutions are being scrutinized for possible involvement in illicit financial practices, emphasizing that no such probe is currently underway.
CBN in a post shared on X handle on Wednesday, CBN denied the statement, adding that it is misleading.
“This information is misleading and not affiliated with the Central Bank of Nigeria. Please be guided,” the apex bank said.
It denied probing the financial institution while reacting to a statement titled ‘CENTRAL BANK OF NIGERIA INVESTIGATING ALLEGATIONS OF EXTORTION AT ECOBANK NIGERIA’.
According to the statement, CBN is investigating Ecobank over claims of abusive proceedings and communications against Wilben Trade Limited and Marcus Wade, its chief executive officer (CEO).
The statement said CBN’s probe comes after “two years of legal wrangling relating to false accusations of fraud made against Will End and Wade” by Ecobank and ETISRC.
Follow the Parallel Facts channel on WhatsApp: https://whatsapp.com/channel/0029VaCQSAoHgZWiDjR3Kn2E
