Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele on
Thursday made a shocking revelation that over $20billion was lying idle
in domiciliary account of private individuals at a time the country is
facing foreign exchange crisis.Emefiele made the disclosure at a session of the joint committee on appropriation of the National Assembly yesterday.
Represented by Mr. Joseph Nnanna, the Deputy Governor in charge of
Financial System Surveillance, the CBN governor said keeping the huge
volume of dollars idle had compounded the forex crisis confronting the
country.
“As I’m talking to you, $20billion is in various domiciliary accounts
of individuals. Naira is our currency, why are they keeping the foreign
currency? From my experience in the international finance, I have never
seen a country where its nationals speculate on its currency”, he said.
whats your take on this guys??
Title :
Exposed: CBN Says $20billion Is Idle In Various Domiciliary Accounts Of Nigerians
Description : Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele on Thursday made a shocking revelation that over $20billion was lying id...
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