The Dangote Group has expressed readiness to assist Nigeria’s Economic and Financial Crimes Commission in its investigations, following the commission’s visit to the company’s headquarters on January 4.
The Group said it was cooperating with the commission which is investigating the possible misuse of foreign exchange from the central bank.
According to a statement by the manufacturing conglomerate, it received a letter from the anti-graft agency on Dec. 6.
The letter, which was reportedly sent to other conglomerates, is said to have requested for details of every foreign exchange allocated by the Central Bank of Nigeria from 2014 till date.
The company says despite sending “a first batch of documents to the body, officers insisted on visiting the group’s headquarters.
Dangote said at the moment no accusations of wrongdoing had been made against any company within the group.
The former governor of the Central Bank of Nigeria, Godwin Emefiele who was appointed in 2014 was removed from office last June and incarcerated.
Ellen Johnson Sirleaf to head new panel on economic leadership following African Transformation Forum
News follows major summit attended by African business leaders and Heads of State
(Accra, Ghana) Former Liberian President Ellen Johnson Sirleaf will chair a new panel to drive the transformation of Africa’s economies, it was announced at a major financial summit in Accra this week. The African Transformation Leadership Panel will focus particularly on opportunities for women and young people in its efforts to reform Africa’s economies, said Dr K.Y. Amoako of the African Centre for Economic Transformation (ACET), who will also join the board.
The announcement came during the African Transformation Forum (ATF), where many of the continent’s leading thinkers gathered to discuss the policies and partnerships needed to drive sustainable growth and regional integration. Key attendees included Africa’s richest person and owner of the Dangote Group Aliko Dangote, Rwandan President Paul Kagame, Ghanaian President Nana Akufo-Addo, Cote d’Ivoire Vice President Daniel Kablan Duncan, and Executive Secretary of the UN Economic Commission for Africa (UN ECA) Dr Vera Songwe.
“We need leadership that promotes growth for the many not the few. As this continent’s first female President and the former leader of a very young population, I am passionate about getting our economies firing for everybody. We must learn from and with each other to develop a shared vision. That’s what this panel is all about – it’s very exciting,” said Liberian President Ellen Johnson Sirleaf.
“Our biggest economic opportunities are social ones too. By 2035, 450 million Africans will have joined the working age population, more than the rest of the world combined in that time. Our economies will leap forward if we create jobs these young people know how to do. Achieving this will require leaders committed to sustained investment and intelligent policymaking. That work starts now,” said Dr K.Y. Amoako of ACET.
Heads of state, senior government officials and business leaders were among approximately 300 delegates from the public and private sector at the ATF. Discussions focused on themes including improving regional integration, energy efficiency and technological innovation, and tackling youth unemployment and gender inequality.
The inaugural Forum in 2016 saw President Kagame launch the Pan-African Coalition for Transformation (PACT), a new platform for regional collaboration and sharing knowledge on economic policy. PACT has delivered seminal research and convened policy debates focused on how Africa’s farms can power its future and industry can collaborate with government in increasing manufacturing.
Mastercard Foundation CEO Reeta Roy delivered the inaugural African Transformation Lecture, and is also available for media interviews at the Forum. A new magazine on Africa’s economic future, “DIRECTIONS”, was published at the Forum featuring a lead interview with Mrs Johnson Sirleaf.
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