By our reporter/ The Central Bank of Nigeria (CBN) has rejected calls for the resignation of Godwin Emefiele, its governor, over issues relating to the exchange rate of the naira.
In July, the CBN stopped sale of foreign exchange (FX) to earlier authorised Bureau De Change operators(BDCs).
Last week, Emefiele said the only recognised foreign exchange market is the Importers and exporters (I&E) FX window.
He also said the monetary authority is investigating Oniwinde Adedotun and abokiFX Limited over “illegal foreign exchange transactions” and its mode of data information.
The apex bank boss came under heavy criticism with some calling for his resignation over the decisions and persistent fall in naira rates against foreign currencies at the black market.
But in a chat with reporters on Monday in Abuja, Osita Nwanisobi, the apex bank’s spokesperson, alleged that “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”.
According to him, the CBN would not be distracted in its mandate by yielding to selfish tendencies.
He urged the banking public to disregard claims aimed at impugning the reputation of the bank, adding that the bank remains committed to carrying out its mandate for the good of the Nigerian people.
Nwanisobi also assured citizens of the CBN’s commitment to meeting the foreign exchange request of travellers with legitimate needs as they relate to travel allowances, payment of tuition and medical fees, among other invisibles.
The apex bank spokesman who noted that there was enough supply of foreign exchange to the banks to meet legitimate demands from customers,
assured no customer requiring foreign exchange for genuine transactions would be turned back by their banks.
Speaking further on the ban on FX sales to Bureaux De Change (BDC) operators, Nwanisobi said that “such a practice was not sustainable in the long run, considering that many of the BDCs had since deviated from the purpose for which they were issued licenses in the first instance.”
He insisted that “the rate in the CBN-unrecognised parallel market was not the reference rate of the naira, so Nigerians should be wary of the activities of speculators who sought to manipulate the market for unpatriotic reasons.”
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