Adesiji77:

http://punchng.com/pilgrims-didnt-get-forex-subsidised-rate-emefiele/

come hear another animal talk

Quakertellicus1:
The governor stated that the agreement between the apex bank and the pilgrims had been concluded even before the commencement of the implementation of the new flexible foreign exchange policy.

He said the pilgrims had earlier in the year made what he described as “advance payment” for their personal travel allowances, noting that in the current circumstances, the advance payment made was $750 per pilgrim.

The governor explained that the advance payment was made by the pilgrims to the respective state pilgrims’ boards, after which the requests were passed by the states to the national body.

According to him, since the agreement was made in April when the market rate was N197 to a dollar, it would be unethical not to honour it.

Emefiele said refusing to provide foreign exchange to the pilgrims at the N197 per dollar agreed rate would mean that the pilgrims would have to pay the difference between the old and new rates.




Explanation assimilated, and accepted.

Nigerians and misinterpretation. Some people obviously want to start a religious war in this country.

The question is "Would a manufacturer or businesses that need dollars have the same license to pre-order an agreed sum, and pay only the past sum?"

It's not Nigerians or religion at fault, it's this stupid government which is bent on destroying all industries.

He added that the request for PTA for pilgrimage or tourism was a valid transaction and stated that the CBN, as a responsible organisation, could not renege on agreements or contracts entered into with other groups for whatever business transactions.

Abeg someone should ask this Mr. Business ethics what happened to Systemspec Remita after they already made agreement with CBN and CBN unilaterally reversed the transaction after 3 years.

Lubbish Talk