This post was originally published on this site.
CBN has confirmed opening two foreign bank accounts for PFIPC but said they were never activatedThe apex bank said both accounts have maintained zero balances with no transactions since it was openedThe disclosure contradicts the Accountant-General’s earlier claim that no PFIPC accounts ever existed
The Central Bank of Nigeria (CBN) has told a House of Representatives investigative committee that two foreign currency accounts created for the controversial Presidential Foreign Investment Promotion Council (PFIPC) have recorded zero transactions since they were opened.
The CBN’s Director of Banking Services, Hamisu Ibrahim, appeared before the House Ad-hoc Committee on Monday and said the bank opened a United States dollar account and a British pounds sterling account for the council after receiving a formal mandate from the Office of the Accountant-General of the Federation (OAGF) on July 30, 2025, following a request dated July 29, 2025.
CBN confirms PFIPC foreign accounts remained empty since opening Photo: CBNSource:
