Lagos — The Central Bank of Nigeria (CBN) has refuted reports in suggesting that it was planning to convert the Foreign Currency Domiciliary Account Deposits (US Dollars or British Pounds Sterling) of customers in Nigerian banks into Naira.
A statement late yesterday signed by Ibrahim Mu'azu, the Director, Corporate Communications of the apex bank said the story was categorically and completely untrue and had no basis whatsoever in the bank's pronouncements or plans. The CBN has never contemplated such an action and has no intention to do so, he said.
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