CBN To Arrest Anyone Using Naira To Buy Dollars

CBN To Arrest Anyone Using Naira To Buy Dollars


CBN To Arrest Anyone Using Naira To Buy Dollars

CBN To Arrest Anyone Using Naira To Buy Dollars

CBN To Arrest Anyone Using Naira To Buy Dollars: The Central Bank of Nigeria (CBN) has vowed to take action against those buying dollar with the naira.

CBN Governor, Godwin Emefiele on Tuesday, July 19 threatened to arrest and prosecute any Nigerian caught using naira to buy dollars.

He made the threat at the Monetary Policy Committee (MPC) meeting in Lagos.

He said: “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.”

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.

Trending Now :  BBNaija Organizers Announce Date For 'Shine Ya Eye' Reunion Show

He added: “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.”

Thanks For Making Out Time To Visit Our Website.

Feel Free To Visit Our Homepage On https://trendsoflegends.com/ to check other amazing content and updates

👇DOWNLOAD FREE NOW👇













About Tori News Updates & Latest Gist 2022 3466 Articles
I am the GODCHILD. A High-Intelligent Brain Design of Utmost Love and Crazy Ideas . CLICK HERE TO SEE AUTHOR'S UPDATES SO FAR.

Be the first to comment