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Nairaland Forum / Nairaland / General / Business / Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips (21737 Views)
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Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by FreeStuffsNG: 10:40pm On Aug 21, 2023 |
The Central Bank of Nigeria (CBN) recently imposed a travel ban on bank chief executives between July 5 and August 15 to ensure their availability for questioning regarding the ongoing foreign exchange (FX) crisis. This move came in the wake of concerns that these executives were taking advantage of the decision to unify exchange rates, selling foreign exchange at inflated rates. https://businessday.ng/news/article/why-central-bank-of-nigeria-barred-bank-executives-from-overseas-trips/ 20 Likes 4 Shares
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Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by FreeStuffsNG: 10:40pm On Aug 21, 2023 |
Everyone on hot seat! Anyone culpable will soon go and join others already languishing in government custody. Check my signature for free stuffs! 33 Likes |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by Alchemy528: 11:01pm On Aug 21, 2023 |
E choke 6 Likes |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by Okwyjesus(m): 11:22pm On Aug 21, 2023 |
The govt has a burden of integrity on her neck. All these harassment is not making sense to many considering the perception the occupant of Aso Rock already has among the citizens. The bullion van on the eve of election four years ago is still fresh in our memory. I wish him well all the same 43 Likes 8 Shares |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by Padipadi(m): 4:31am On Aug 22, 2023 |
Why dem dey travel in the first place? Is it for personal or govt work? Anything they need is in Nigeria 4 Likes |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by driand(m): 4:31am On Aug 22, 2023 |
FreeStuffsNG: calm down Nigerian government has never had the will to fight these crimes, its all for the gram, in the end nobody will be indicted, 60 Likes 5 Shares |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by Moyinoluwa35(f): 4:31am On Aug 22, 2023 |
Hmm 1 Like |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by chuose2: 4:31am On Aug 22, 2023 |
Jokers all of them 1 Like |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by Meerahbel: 4:33am On Aug 22, 2023 |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by TinubuThief: 4:34am On Aug 22, 2023 |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by TinubuThief: 4:35am On Aug 22, 2023 |
FreeStuffsNG:Is Akpabio and apc chairman not culpable? Keep deceiving yourself 30 Likes 3 Shares |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by leisuretym: 4:39am On Aug 22, 2023 |
Okwyjesus:You are on autopilot, obi is not a magician, it will shock you, we pray the tribunal favor him 10 Likes 1 Share |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by Authoreety: 4:44am On Aug 22, 2023 |
Padipadi:Good, I like this 5 Likes 2 Shares |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by mytime24(f): 4:45am On Aug 22, 2023 |
What of d politicians 2 Likes |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by obyno82: 4:45am On Aug 22, 2023 |
FreeStuffsNG: Please all that one is balderdash trust me. It is not banks that caused the exchange rate to tank against the naira. The real issue is the arbitrage caused by the large gap between parallel market and I&E window of the CBN. If truly the government wants to unify the rate come out and declare parallel market illegal and urge everyone to use the I&E rate as the official rate. As we speak the CBN still uses NAFEX rate but on paper you announced to the whole world that I&E window is the only rate, so who is deceiving who? 17 Likes 3 Shares |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by obyno82: 4:47am On Aug 22, 2023 |
leisuretym: Yes and you will see decisive leadership. So many APC guys fear him becoming president because he will reveal a lot of BS these guys did. 4 Likes |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by jydeskill1(m): 4:53am On Aug 22, 2023 |
Okwyjesus:Use the fresh memory fry egg. 4 Likes |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by oneman2k7: 4:54am On Aug 22, 2023 |
Form A shew me shege. I have lost hope in Nigeria. 6 Likes |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by Authoreety: 4:59am On Aug 22, 2023 |
jydeskill1: Wake up... Oh thou that slumbereth 1 Like |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by Naijanascam: 5:10am On Aug 22, 2023 |
Let it be extended to all office Holders both Elected officials and Appointed from top to bottom......if they are serious 6 Likes 1 Share |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by LionTiger(m): 5:17am On Aug 22, 2023 |
Story for the masses |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by GboyegaD(m): 5:17am On Aug 22, 2023 |
Story for the gods. |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by MEGAWATCH: 5:23am On Aug 22, 2023 |
FreeStuffsNG: Story! That drug Baron need to be in custody first before others because he has done even worst than any Criminal in Nigeria. 4 Likes 1 Share |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by inoki247: 5:28am On Aug 22, 2023 |
Lol na Bankers runs legit scam pass... From Cash Scarcity to Forex fraud.... 3 Likes |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by NaijaCover(m): 5:34am On Aug 22, 2023 |
No Be Small Thing ooooo |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by SmartPolician: 5:35am On Aug 22, 2023 |
I would have asked Tinubu to extend the same to government officials in ministeries. But considering that he's the traveller-in-chief, it's just a waste of time. 4 Likes |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by flexyrule(m): 5:39am On Aug 22, 2023 |
All this merry go around is just eye service. The main issue with the naira free falling against the dollar is because of our economic system. We import practically everything....! And the government/Central Bank knows this... The CBN is gradually becoming clueless, (I'd say useless) like the NNPC. 1 Like |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by nkemoma(m): 5:42am On Aug 22, 2023 |
Start with Buhari and Tilumbu |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by yewit37486: 5:44am On Aug 22, 2023 |
FreeStuffsNG: Why is this even news, not to mention the misleading title? It's basically booking people's calendars for an important meeting (that will take place over a period of 3 weeks only) and telling them not to travel during that period to ensure their availability. Rubbish propaganda. lexy2014: As in. It's so irritating, trying to mislead people with a "non-news". Now I know for a fact that many of these guys here are not only paid agents but also given targets to spread propaganda no matter how senseless it is. That is how they waste the useful years of their lives defending the indefensible until life happens to them, they should go and ask their seniors in the game what the eventual outcome was for them. 1 Like |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by lexy2014: 5:45am On Aug 22, 2023 |
FreeStuffsNG: Did u even the story? What was achieved with d so called ban? Try to read before running to display sycophancy The travel ban on bank managing directors, which was enacted on July 5, was only lifted last Tuesday after a meeting between Acting CBN Governor Folashodun Shonubi and President Tinubu. 1 Like |
Re: Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips by flexyrule(m): 5:46am On Aug 22, 2023 |
obyno82:The government cannot declare the parallel market illegal because the CBN would not be able to cater for the dollar needs of the country. Moreso, most of the BDCs are owned by top politicians and friends/relatives of top CBN officials. Are you asking them to fight themselves? |
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