CBN sacks e-Transact board over N11 billion fraud

fraud

There is an unconfirmed report that the Central Bank of Nigeria has sacked all directors of e-Transact plc.

Unconfirmed reports claimed that there was an N11 billion fraud uncovered at the company.

The CBN has not made a formal statement on the matter neither has e-Tranzact confirmed or denied the reports. Sources claimed that the CBN ordered the managing director and one other director to step down.

A report claimed that people with the knowledge of the matter said the chief technology officer, Richard Omoniyi and Kehinde Segun have been told to step down as well.

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