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CACOL asks ICPC to probe CBN over missing N55bn

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The Centre for Anti-Corruption and Open Leadership has called on the Independent Corrupt Practices and Other Related Offences Commission to probe the Central Bank of Nigeria over alleged misappropriation of funds.

The group alleged that the N55bn allocated for funding of the Federal Government’s Anchor Borrowers Programme was misappropriated by the CBN.

The Executive Chairman, CACOL, Debo Adeniran, who said this on Wednesday, cited Section 6 (b) of the Corrupt Practices and Other Related Offences Act, 2000 as the statutory provision, which empowered the anti-graft agency to investigate corruption cases pertaining to public institutions in the country.

Adeniran condemned the manner in which the government revenue, which was approved to provide support for rice farmers, was allegedly diverted to strangers and political hangers-on, who were not involved in agriculture.

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