Operatives of the Economic and Financial Crimes Commission (EFCC) are currently raiding the head office of the Dangote Group in Lagos over forex transactions between it and the Central Bank of Nigeria (CBN).

It was gathered that the EFCC officers are conducting a search on forex allocations to Dangote Group during the tenure of Godwin Emefiele as the CBN Governor.

The development was confirmed by a media source on Thursday through top officials of the anti-graft agency, who craved anonymity.

It was gathered that the raid may not be unconnected to the activities of the Jim Obazee-led investigative team appointed by President Bola Tinubu to examine past financial malfeasances in the CBN as part of measures to fortify Government Business Entities (GBEs).

The invetigative team was mandated to take steps to ensure the strengthening and probity of key GBEs, further block leakages in CBN and related GBEs, and provide a comprehensive report on public wealth currently in the hands of corrupt individuals and establishments (whether private or public).