CBN Headquarters, Abuja.
The Central Bank of Nigeria (CBN) has debunked allegations that it has received a query from the Office of the Attorney General of the Federation and Minister of Justice over issues relating to the sale of foreign exchange.
In a statement signed by its Ag Director, Corporate Communication, Mr Isaac Okorafor, the apex financial institution says it doesn’t deal directly with any Bank customer on foreign exchange transactions and its operations have always been transparent.
The statement reads in part: “While it is perfectly normal for any agency of Government to seek clarifications on any matter from other agencies of Government, we wish to state that neither the Governor of the CBN nor the Director, Legal Services Department has received any communication with regard to the issue.
“The CBN, as a responsible and responsive arm of Government, will always provide clarifications on any matter within its purview for the purpose of educating and enlightening all concerned.
“Accordingly, we wish to reiterate our position by making the following clarifications:
“Consequently, to prevent any such occurrence in the future, the CBN has directed ALL Deposit Money Banks to render their returns in a uniform format converting all forex sales and purchases to NGN/USD. All third currency transactions are also to be converted to NGN/USD.
“Again, we urge all concerned stakeholders to always verify information on matters relating to the Bank before going public in order not to trigger volatility in the market.”
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Only bankers dealing in forex would understand all the terms and terminologies used to bamboozled the lay men. The fact stated was not denied but was professionally covered up anyway. Good luck to them all.