• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, May 15, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

MAN advises on operational civility in Forex probe

Forex

The Matters Press by The Matters Press
January 9, 2024
Reading Time: 2 mins read
0
Myanmar central bank revokes licenses of 13 forex companies

Lagos, Jan. 9, 2024: The Manufacturers Association of Nigeria (MAN) has urged government agencies to be more circumspect and civil in making enquiries and securing documents from existing/domestic operators.

RELATED POSTS

Nigeria First policy, unique, revolutionary – TMSG

Group seeks action against the menace of fake news, deliberate falsehood

Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

MAN Director General, Mr Segun Ajayi-Kadir, made the call in a statement on Monday in Lagos.

The statement was in reaction to the Economic and Financial Crimes Commission (EFCC) and Dangote Industries Ltd., Foreign Exchange Allocation saga.

The EFCC operatives on Jan. 4, embarked on a search mission to the head office of Dangote Group in Lagos.

The search followed the probe of 52 companies by the anti-graft agency over forex transactions in the last 10 years.

The commission is investigating forex allocations to these companies during the tenure of Godwin Emefiele as governor of the Central Bank of Nigeria (CBN).

Ajayi-Kadir said the call was to support the President Bola Tinubu administration’s current efforts to drive activities aimed at attracting foreign investors into the country.

He said news of the invasion of the Dangote Group head office by dozens of EFCC operatives was quite shocking.

He noted that while no company was above investigation, the appropriateness of the method to get documents from a well-structured and clearly identifiable company like the Dangote Group appeared somehow.

According to him, there is no doubt that this news has gone around the world and many, including would-be investors, will be taken aback and anxiously awaiting how the story will end.

“This may not be the best way to show that Nigeria is committed to good corporate governance.

“Because of the status of the Dangote Group within the Nigerian economy, Africa and the world, the outcome of this rather unfortunate incident may have great impact on how we are perceived as respecters of the right of business entities.

“Government agencies should exercise restraints and be mindful of the wider implications of their actions on our fragile business environment.

“I think it is important for the EFCC to take steps to clear the air on the negative interpretation being adduced to this action.

“This is necessary to reassure existing business concerns and encourage would be investors,” he said.

Tags: ForexMAN
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

IMPI releases new policy statement in defence of the Nigerian economy
Economy/Technology

Nigeria First policy, unique, revolutionary – TMSG

May 15, 2025
Economy/Technology

Group seeks action against the menace of fake news, deliberate falsehood

May 14, 2025
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

May 13, 2025
Rescued victims of human from Cote D Ivoire arrive Nigeria
Foreign

Rescued victims of human from Cote D Ivoire arrive Nigeria

May 11, 2025
Northern governors, traditional rulers call for accelerated action against Insecurity
News

Northern governors, traditional rulers call for accelerated action against Insecurity

May 11, 2025
Smile finally visits nurses, now on enhanced salary entry point
Economy/Technology

As enrollment of nurses peaks at 115,000, Nigeria ready to outsource medical personnel to the world – TMV

May 10, 2025
Next Post
Trading in Nigerian stock market dips further N83bn

NGX All-Share Index crosses 80,000 benchmark, up by 0.83%

UBA filed audit report with NGX, hits N660bn gross earnings

UBA surpasses N1trn market capitalisation mark

Recommended Stories

Nigerian Breweries allots 78m shares

Nigerian Breweries shareholders approve 80% Distell stake acquisition

December 22, 2023
Jaiz Bank expands with new branches

Expert urges minister to harmonise monetary, fiscal policies

August 22, 2023
NUPRC, others embark on joint investigation

Minister inspects N68.5bn NUPRC `BARREL’ building

September 8, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria First policy, unique, revolutionary – TMSG
  • Group seeks action against the menace of fake news, deliberate falsehood
  • Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us