The Central Bank of Nigeria (CBN) has
debunked claims by some banks that it
isn’t selling enough foreign exchange to
them for BTA, PTA, tuition and medical
fees. The bank’s Acting Director,
Corporate Communications, Mr. Isaac
Okorafor, advised customers to report
any defaulting bank as necessary
sanctions would be invoked on erring
banks.
The statement said information reaching
the apex bank had revealed that some
customers seeking to buy foreign
exchange for BTA, PTA, medical and
school fees were being frustrated by
some banks with the false claim that the
CBN was not allocating enough foreign
exchange to them for such purposes.
“All banks have more than enough stock
of forex in their possession for the
purpose of meeting genuine customers’
demands for BTA, PTA, tuition and
medical fees. Indeed, on a weekly basis,
the CBN has been selling at least $80m to
banks for onward sale to their customers
for these invisible items.”
“Thus, members of the public seeking to
buy forex for the above-mentioned
purposes are therefore, advised to go to
their banks and obtain their forex,” the
statement said. “Any customer who is not
attended to within 24 hours for BTA/PTA
or 48 hours for tuition and medical fees
should call 07002255226 or send an email
to cpd@cbn.gov.ng, with the name and
branch of the non-cooperating bank.
Furthermore, no customer should accept
to buy forex from any bank at more than
the currently prescribed rate of N360/$1”
the statement added.
https://www.dailytrust.com.ng/news/general/banks-frustrating-forex-intervention-initiatives-cbn/191600.html
Lalasticlala

this is a good one.
Any defaulting bank found should be sanctioned accordingly.

Smh