Patronise banks, not BDC operators, Emefiele charges Nigerians


    Mr Godwin Emefiele, the CBN Governor, has charged Nigerians to patronise banks, not BDC on Tuesday while presenting a communique from the apex bank’s Monetary Policy Committee (MPC) meeting in Abuja

    He said , henceforth, the apex bank would sell forex to deserving Nigerians through the commercial banks.

    ” The BDCs were regulated to sell a maximum of 5000 dollars per day, but CBN observed that they have since been flouting that regulation and selling millions of dollars per day.

    He urged the commercial banks to ensure that every deserving customer got their forex demand, adding that any bank found circumventing the new system would be sanctioned.

    “Once a customer presents all required documentation to purchase forex, the commercial banks should ensure they get the forex.

    “Any customer that is denied should contact the CBN on 0700385526 or through the email- ” he said.

    The News Agency of Nigeria (NAN) reports that stakeholders have been calling on the CBN and its MPC to take urgent steps to halt un ending depreciation of the Naira.

    Source: Vanguard




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