- Faults calls for Gov’s resignation
The Central Bank of Nigeria (CBN) says no amount of blackmail and name-calling will distract the Godwin Emefiele-led management team from its mandate delivery agenda to Nigerians.
The apex bank position stated by its spokesman, Mr Osita Nwanisobi, is against the backdrop of calls from some quarters for the CBN Governor to resign from office over Naira’s exchange rate and other related issues.
Accordingly, the CBN said it would not yield to the selfish tendencies of a few individuals or groups to the detriment of the majority.
Faulting claims by certain groups and persons on from the exchange rate worries, Nwanisobi said; “Those behind such calls were only pursuing their selfish agenda fueled by those who had long benefitted from rent-seeking practices in the parallel forex market, which he refused to recognize as a significant segment of the country’s forex market.”
He assured that CBN is fully focused on its mandate delivery to the nation’s economy and therefore urged the banking public to disregard claims and insinuations aimed at impugning the reputation of the Bank.
Nwanisobi said committed to executing its mandate for the overall good of Nigerians, CBN would not renege on its resolve to meet the foreign exchange request of travelers with legitimate needs as they relate to travel allowances, payment of tuition, and medical fees among other invisible.
Assuring that no customer requiring foreign exchange for genuine transactions would be turned back by their banks, Nwanisobi said there was enough supply of foreign exchange to the banks to meet the legitimate demands of their clientele.
The CBN Image maker urged the banking public to always insist on their rights as long as they possess all the requisite documents to validate their requests.
On assurances of the apex bank meeting the demands of customers, the spokesman said there would be no hesitation in approving foreign exchange for those with legitimate demands that exceed transactions’ limit as far as the application is supported with specified requirements.
Nwanisobi also said the CBN would not revisit its decision on allocating foreign exchange to Bureau de Change (BDC) operators, stressing that such a practice was not sustainable in the long run, because many BDCs have since deviated from the purpose for which they were issued licenses in the first instance.
He maintained that the rate in the CBN-unrecognized parallel market is not the reference rate of the Naira, and urged Nigerians to be wary of speculators who seek to manipulate the market for selfish and unpatriotic reasons.
