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CBN Debunks Media Report On Forex Scam by actiondrilling: 5:40am On Feb 05, 2019 |
The Central Bank of Nigeria (CBN) has debunked a newspaper report on sleaze in the foreign exchange (forex) dealings. In a rebuttal made available to Daily Sun yesterday, the apex bank challenged the media organisation to provide the names and evidence of collusion between the agents and officials of CBN working in cahoot to carry out the racket. The CBN statement read: “The Central Bank of Nigeria (CBN) has been alerted on the front page headline story in the BusinessDay newspaper on Monday, February 4, 2019 titled: “Exposed: The sleazy face of N306/$, inside Nigeria’s racket where faceless agents pocket over N32bn annually”. “The management of CBN wishes to react to the report wherein BusinessDay newspaper alleges that faceless agents in Nigeria are exploiting the country’s multiple exchange rates to devastating effects and allegedly with the backing of regulators. CBN wishes to state unequivocally that this report is unfounded and untrue and challenges BusinessDay to provide the names and also verifiable evidence of collusion between these faceless agents and officials of CBN, who are working to perpetuate these so-called FX racket schemes. We would also urge the management of BusinessDay to contact the CBN prior to making such spurious allegations, as we were denied the benefit of responding to this article. “The CBN wishes to remind BusinessDay, as most financial observers have noted, that the FX rates across various markets governed and regulated by CBN, have been converging, leaving no room for arbitrage opportunities in Nigeria’s FX market. For avoidance of doubt, the CBN will continue to act in the best interest of Nigeria and shall ensure it remains focused on its core mandate of sustaining the stability in the FX market.” https://www.sunnewsonline.com/cbn-debunks-media-report-on-forex-scam/amp/ 2 Likes
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Re: CBN Debunks Media Report On Forex Scam by MANNABBQGRILLS: 5:59am On Feb 05, 2019 |
In a rebuttal made available to Daily Sun yesterday, the apex bank challenged the media organisation to provide the names and evidence of collusion between the agents and officials of CBN working in cahoot to carry out the racket. No matter the propaganda by the evil party, we sane, honest and hardworking Nigerians are ALL moving to the NEXT LEVEL of our lives, wailers can choose to remain behind, that is your cu of tea. Sai Baba we love. Sai Baba we know. Sai Baba we want. 1 Like 1 Share
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Re: CBN Debunks Media Report On Forex Scam by Laredojohn(m): 6:00am On Feb 05, 2019 |
Hmm |
Re: CBN Debunks Media Report On Forex Scam by Putin1(m): 6:01am On Feb 05, 2019 |
It's well |
Re: CBN Debunks Media Report On Forex Scam by Shookonekilla: 6:02am On Feb 05, 2019 |
Nigeria is a deadline country under buhari The amount of fraud going on in this apc government is amazing 4 Likes |
Re: CBN Debunks Media Report On Forex Scam by MondayOsunbor(m): 6:06am On Feb 05, 2019 |
I do not know why the cabal in aso rock is hell bent to destory Nigeria .why not make it single exchange rate and you will not need anyone to bring your fu*king list to you Oga CBN! 4 Likes |
Re: CBN Debunks Media Report On Forex Scam by franchasng: 6:18am On Feb 05, 2019 |
That accusation is complete fact that happens everyday. Aso Rock cabals have used Buhari to amass so much wealth that even Dangote is a shoe shiner to them when you talk about money. They are fronting Buhari who does not know his left from right while they milk Nigeria dry and release some crumbs to Southern idiots to help them run media propagandas to keep them in power using Buhari's name. Honestly it really hurts to share same nation with fools and idiots still supporting Buhari 13 Likes 2 Shares |
Re: CBN Debunks Media Report On Forex Scam by April4th(m): 6:21am On Feb 05, 2019 |
Soon breeze go blow fowl yansh open. |
Re: CBN Debunks Media Report On Forex Scam by Nobody: 6:21am On Feb 05, 2019 |
franchasng: Couldnt agree more! 10 Likes 1 Share |
Re: CBN Debunks Media Report On Forex Scam by Yankee101: 6:32am On Feb 05, 2019 |
CBN has almost always been complicit in forex round tripping People like Elumelu made their STB money from round tripping But Nigeria always loves to forget 2 Likes |
Re: CBN Debunks Media Report On Forex Scam by mayorhy: 6:37am On Feb 05, 2019 |
post=75425393:N |
Re: CBN Debunks Media Report On Forex Scam by MANNABBQGRILLS: 6:38am On Feb 05, 2019 |
God bless Nigeria |
Re: CBN Debunks Media Report On Forex Scam by Nobody: 6:38am On Feb 05, 2019 |
Who does not know the cabals get dollar from CBN at a different purpose rate (raw material import rate) and sell at N365. When you have multiple exchange rate, what do you expect. Its open news... 2 Likes |
Re: CBN Debunks Media Report On Forex Scam by Nobody: 6:45am On Feb 05, 2019 |
My dollars never rise y |
Re: CBN Debunks Media Report On Forex Scam by Coolcash1: 7:06am On Feb 05, 2019 |
The Business day report is true which was also confirmed by Emir Sanusi ex-CBN governor. 1 Like |
Re: CBN Debunks Media Report On Forex Scam by civilserva: 7:06am On Feb 05, 2019 |
Until the wide gap between the official and black market rate is narrowed, corruption will continue unabated. Soludo era tried to narrow the gap thereby making the round tripping business unattractive m |
Re: CBN Debunks Media Report On Forex Scam by civilserva: 7:08am On Feb 05, 2019 |
post=75425393:Can you leave politics out of discussion on economic sabatage. The stipend you get from shallow defence is not only unsustainable but devastating. 1 Like |
Re: CBN Debunks Media Report On Forex Scam by MANNABBQGRILLS: 7:10am On Feb 05, 2019 |
civilserva:Not what Mr civil servant? Kindly let us know when you modify your Not! |
Re: CBN Debunks Media Report On Forex Scam by OBAGADAFFI: 7:28am On Feb 05, 2019 |
BusinessDay newspaper might be right about this. This isn't the first time we are hearing this, we remember the Hajj issue and Sanusi comments concerning forex fraud. |
Re: CBN Debunks Media Report On Forex Scam by ruffhandu: 7:35am On Feb 05, 2019 |
Who will believe your report? Why the multiple rates? You think Nigerians are fools. Chai, I pity this country. At the way things are going, in the near future, there may not be anywhere to call a country for us. Because, right now, some people are busy raping and plundering this one called Nigeria. 1 Like |
Re: CBN Debunks Media Report On Forex Scam by princejenks(m): 8:22am On Feb 05, 2019 |
it's a widely documented fact,even the emir of kano and former cbn governor alluded to our having different exchange rates as an impediment to business and an avenue for a few to amass wealth through round tripping. Nothing much has changed even with this current regime,only the players have,it was even very worse at the heat of the recession though it's more coded now. Denying something that's happening in government quarters doesn't mean it's not happening,it's just standard practice to do so in order to save face 2 Likes |
Re: CBN Debunks Media Report On Forex Scam by CocoaOla: 8:51am On Feb 05, 2019 |
Elite gangs vs minority the minorities will still vote the majorities elites |
Re: CBN Debunks Media Report On Forex Scam by Yomidee(m): 9:02am On Feb 05, 2019 |
franchasng:yeah and PDP too, Nigerians love their oppressors |
Re: CBN Debunks Media Report On Forex Scam by BigIyanga: 9:26am On Feb 05, 2019 |
Former CBN Governor, Sanusi said this about 3 years ago. GMB and his crony introduced Forex subsidy to enrinch his friends and cabals |
Re: CBN Debunks Media Report On Forex Scam by Godsfavour78: 11:10am On Feb 05, 2019 |
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