Again??? From AbokiFX to now Traders: “The Central Bank of Nigeria (CBN) has accused banks and black-market traders in the country of sabotaging the government effort in preventing the continuous fall of the Naira.”
The apex bank cries: “Government through the CBN, plans to probe bank hoarding and roundtripping with heavy sanctions awaiting defaulters. This is because the apex bank believed hoarders banks and black parallel operators are responsible for the artificial scarcity that is driving up forex rates. Government plans through the CBN, is to address the issues of speculation comprehensively and through heavy sanctions”.
Can we be serious for a minute in Nigeria? Yes, “we know that you are importing contraband products, and we know your warehouse. By this Public Notice in this newspaper, we’re warning you to desist from the nefarious attitude, otherwise, we will come after you”. That DG has just wasted public funds in a useless newspaper advert, to appear to be working when he has the power to take up the bad guys. CBN, do not follow that path. If you think banks are not playing by the rules, there is no need for these statements, just DO YOUR JOB.
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