“For those taking money from banks to buy dollars, it is illegal to do so. If the security agencies hold you, you will know the implication of that,” Godwin Emefiele, CBN governor, said Tuesday at the Monetary Policy Committee (MPC) meeting in Lagos.
Reading the riot act to bank customers, Mr Emefiele urged Nigerians illegally exchanging naira for dollar to stop, adding that the apex bank would conduct investigations and bar those found culpable from conducting transactions in Nigerian banks.
Mr Emefiele disclosed the apex bank’s monitoring of customers and banks, warning that the CBN would sanction banks caught in illegal transactions.
“We will conduct investigations, and we will have proof, and you will not be able to conduct transactions in any Nigerian bank. We will place ‘post no debit’ on the defaulting customer’s account. It is a very injurious tool to stop you from conducting illegal flows, either domestic or foreign currency,”
The warning followed the central bank’s efforts to prevent further deterioration of the naira’s value and the country’s economy.
from: Instablog9ja
Lmao! These people are jokers! They know where to find the bureau de change guys here in Abuja. Abeg let’s hear word 🙄.
ReplyDeleteAfter blocking Nigerians from using their naira card to make transactions internationally.
Its God that will punish this Emefiele man......Dollar is presently N620, the naira has collapsed and this is the shit he is concerned about. Kiaaa i remember d days dollar was N180. Where did we go wrong in dis country.
DeleteWorst CBN governor ever!
DeleteSo with the messed up naira, this is what is important. Anyway what should they use in buying it before? When banks never gives you what you want.
DeleteI don’t understand… so how will I get the dollars that I need to travel with?
ReplyDeleteClueless govt. Trop de bla-bla-bla.
ReplyDeleteLike they don’t know the principal culprits of this act. The hypocrisy.
What does this CBN governor want to achieve exactly bikonu?
ReplyDeleteWhy not start the arrest and prosecution of your principal Bubu and his co-bullion van-travelers with brooms?
ReplyDeleteAkuko.
I hope you know it was the former president; Dr GEJ that gave us this CBN governor. If he had been removed, the east would have shouted.
Delete@18:12
DeleteWetin concern agbero with overload? Will you also blame GEJ for
the Naira woes, the killings, bombing of churches, markets etc. all over the
country, north or south?
Please allow Bubu and Bullion van to drink all they fetched.
Oga o, his boss is Buhari, not goodluck.
DeleteWhat a failed administration.
ReplyDeleteWhat most Nigerians are doing is getting the dollars directly from individuals. You pay the dollars to an account and they send the naira to whatever account you want them to send it to.
ReplyDeleteI have a exchange guy. How it works is that if you want to send £ or dollar to nigeria, they have people sending naira to uk or USA as well. They pay you with money collected here and in nigeria with money collected there. That way there is no money sent across at all.
DeleteAbeg what do they want people to use ? Cowrie shell?
ReplyDeleteWhat about other currencies?
ReplyDeleteBunch of jokers 🃏 .where would they even see them yo arrest.
ReplyDeleteMtcheew you guys don’t even know what is disturbing you mtcheew
ReplyDeleteInstead of u to look for a way to improve on productivity and exportation to strengthen the Naira, u go about chasing flies. If una chase Aboki Forex today, u chase dollar purchasers t'moro, yet the Naira keeps sliding.
ReplyDeleteUna no see those wey dey do dollar war for party convention few weeks ago, go ask dem how manage? Na ppl wey dey hustle, dey manage dem life under the mess u ppl have created, wey una sabi flex muscle for.
Bunch of clowns. Mtchwwwwwwwww!!!!!