The Central Bank of Nigeria has been called out on their refusal to disclose the exact foreign remittances it has received from 2016 to 2018. According to Sahara Reporters, the apex bank is accused of deliberately stocking the US dollars it receives on behalf of Nigerians to trade them off through crooked means. It is due to this unscrupulous endeavour that the Central Bank of Nigeria has prevented financial institutions in the country from paying United States dollars to persons receiving money from friends and family members based overseas has been uncovered.

An inquiry from the Femi Falana chambers through Mrs Funmi Falana on February 10 2020, addressed to the apex bank, demanded the accurate remittances for 2016, 2017 and 2018 respectively. According to the law firm, it was deemed fit to make this demand after it was discovered that the CBN had quoted a misleading figure to downplay the volume of money sent home by Nigerians in the Diaspora. The request read: “Springing from the above statement from the Secretary to the Government of the Federation, we request to be furnished with the official figures of remittances received by Nigeria from the Diaspora for 2016, 2017 and 2018. “Please be informed that this request is anchored on the Freedom of Information Act, 2010.”... https://olatorera.com/revealed-how-cbn-intentionally-prevents-naira-from-appreciating-against-us-dollars/

Nawa o