ABUJA, Aug 4 (Reuters) - Nigerian President Bola Tinubu said on Friday the central bank was undergoing a comprehensive forensic audit as part of reforms following the suspension of the bank's governor in June.
Tinubu has embarked on the country's boldest reforms in years, ending the central bank's currency controls that kept the naira currency artificially strong and scrapping a petrol subsidy that cost the government $10 billion last year.
"A comprehensive forensic audit is on-going at the Central Bank (of Nigeria)," a presidency statement quoted Tinubu as telling World Bank head Ajay Banga at a meeting in Abuja.
Tinubu, who was sworn into office on May 29, inherited an economy grappling with anaemic growth, record debt, shrinking oil production and widespread insecurity.
Reporting by Felix Onuah, writing by MacDonald Dzirutwe; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons:
Bola Tinubu, Tinubu, Ajay Banga, Felix Onuah, MacDonald Dzirutwe, David Gregorio Our
Organizations:
Central Bank, World Bank, Thomson
Locations:
ABUJA, Nigeria, Abuja