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Powerful interests funding push to reverse forex policy —CBN

By Babajide Komolafe

The Central Bank of Nigeria, CBN, yesterday, said some powerful interests are funding efforts to push the Federal Government to reverse the foreign exchange policy aimed at conserving the nation’s foreign reserves.

In a statement by the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor, the apex bank said: “Intelligence reports at the disposal of the bank reveal the involvement of some influential interests funding the push to have the CBN and the Federal Government reverse the FOREX policy, which is aimed at conserving foreign exchange and also promoting exports.

“The Central Bank of Nigeria (CBN) has observed with great concern the continued and unwarranted attack on its policies by a group of Nigerians, whose real interest, findings have shown, is self-serving and unpatriotic.

“While the CBN respects the rights of every Nigerian or stakeholder to their respective views, it finds it curious that certain interests have remained persistent in their move to misinform the larger public, with the intention of discrediting genuine efforts at managing the economy, thereby creating panic within the financial system.”
























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