Business Nigeria: Domiciliary Account Deposits WONT Be Converted Into Naira- CBN

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Nigeria- The Central Bank of Nigeria (CBN) yesternight dismissed the rumors making the rounds that it was planning to convert Nigerian bank customers’ foreign currency domiciliary account deposits (US dollars or British pounds sterling) into the naira, THISDAY reports.

In a statement, the Director, Corporate Communications, CBN, Mr. Ibrahim Mu’azu, insisted that the rumour was untrue, "the CBN wishes to refute this rumour in the strongest possible terms.

"This story is categorically and completely untrue and has no basis whatsoever in the Bank’s pronouncements or plans. The CBN has never contemplated such an action and has no intention to do so.

“For the avoidance of doubt, the CBN would like to reiterate that customers who operate domiciliary accounts as well as the general public should disregard this fictitious rumour, and go about their normal businesses. There is no intention at all to tamper with the foreign exchange currencies in the accounts of customers in our banks.”

#Nigeria #CBN

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