Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Nigeria fraud agency visits Standard Chartered's Lagos office

Published 14/09/2018, 17:46
Updated 14/09/2018, 17:46
© Reuters. A logo of Standard Chartered is displayed at the financial Central district in Hong Kong

By Chijioke Ohuocha

ABUJA (Reuters) - Officers from Nigeria's financial crime agency visited the Lagos office of Standard Chartered's (L:STAN) Nigerian operations on Friday but left shortly afterwards, the bank said in a statement.

The bank said that the officers had entered the building but then left, adding that there was no reason for them to be there.

Last month Nigeria's central bank ordered Standard Chartered and three other banks to bring back to the country $8.134 billion that it alleged South African telecoms firm MTN (J:MTNJ) had illegally sent abroad in breach of foreign exchange regulations.

It was not immediately clear whether the move by officers from the Economic and Financial Crimes Commission (EFCC) was related to that matter.

A spokesman for the agency, the Economic and Financial Crimes Commission (EFCC), declined to comment.

"We are clear there was no basis for this entry, and the law enforcement officials left the building shortly afterwards," Standard Chartered said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.