BUA Group has debunked claims that its premises was visited by the Economic and Financial Crimes Commission (EFCC) on Thursday.
This followed a raid by EFCC operatives at the headquarters of BUA’s competitor, Dangote Group of Companies, in Lagos State.
It was alleged that EFCC besieged the BUA Towers located at PC 32, Churchgate Street, Victoria Island, Lagos State, arrived around 3 pm and began a search on Thursday.
Read Also: EFCC Storms Dangote Head Office
It is understood that the activities of the anti-graft agency are part of an investigation into the forex transactions of some companies in the country.
The companies are being investigated for the forex allocations they got during the tenure of Godwin Emefiele as governor of the Central Bank of Nigeria (CBN), Top Society understands.
Some of the companies being investigated by the anti-graft agency include Dangote Group, BUA Group and Flour Mills.
A statement by the management of BUA released on social media said claims that its premises was also raided were false.
The statement reads:
“BUA wishes to clarify that its premises were not visited by EFCC today, Thursday, January 4, 2024 neither was it raided, as has been alleged in some online publications and being shared via whatsapp broadcasts. The general public is hereby advised.”