Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • About
    • Advertise
    • Contribute
    • Donate
    • Forum
    • Contact
    Login
    InfoStride NewsInfoStride News
    • Home
    • Business
    • Celebrity
    • Crime
    • Nigeria
    • Politics
    • Sports
    • Technology
    • More
      • COVID-19
      • Editor’s Picks
      • Health
      • Opinions
      • Press Releases
      • World
    Subscribe
    InfoStride NewsInfoStride News
    Home»Business Matters»There will be no more dollar sales to people who buy ammunitions – CBN

    There will be no more dollar sales to people who buy ammunitions – CBN

    Business Matters By Temitope N.Sep 18, 2021No Comments2 Mins Read
    Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

    The Central Bank of Nigeria (CBN) has stated that it would no longer allocate foreign exchange to currency traders who in turn sell it to criminals and terrorists to buy weapons that are used inflict hurt on Nigerians.

    Central Bank of Nigeria
    Central Bank of Nigeria

    This is as the apex bank has laid to rest the idea of resuming sales of dollars to Bureau De Change (BDCs) Operators.

    Emefiele had said that the CBN is determined to put an end to the activities of illegal Forex traders adding that the apex bank remains the only national bank in the world that sells dollars to BDCs from the country’s reserves.

    He said, “Nobody ever mentions the rate of Bureau de Change in the city of London. It really beats my imagination that Nigeria carried on with this kind of practice that tended to support illegal activities of people who are involved in graft and corrupt practices.

    See also  Marketers blame forex, importation as Jet A-1 hits N315/litre

    We have supported the activities of those who illegally buy foreign exchange from this illegal market, carry them in aircraft out of the country and go to buy arms and ammunition and bring them into the country to commit crimes.

    “We, the Central Bank, take our country’s dollars and sell to people to buy arms and ammunition to come and hurt us. That is what we are saying that people want us to do, we cannot do that any longer.”

     

     

    Source : Nairametrics

    Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate

    CBN insecurity
    Share. Facebook Twitter WhatsApp Pinterest Reddit Tumblr VKontakte Email LinkedIn

    Related Posts

    FG Allocates N81.7bn for Streetlights Construction in 2023 Budget, Higher Than Total Amount for Schools and PHCs Combined

    Jun 2, 2023

    BREAKING: Tinubu resumes official duties at State House

    May 30, 2023

    Immediate Key Economic Policies of President Bola Tinubu’s Administration

    May 29, 2023

    The Case For Investments In Nigeria’s Renewable Energy By Collins Okeke

    Mar 8, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    Get Social with Us
    • Facebook
    • Twitter
    • Pinterest 94
    • Instagram
    • YouTube
    Latest Posts

    I Want To Be Remembered As A Good And Kind Person After I Die – Chris Hemsworth

    Jun 8, 2023

    I’ll Play For Flamengo Again Someday In The Future – Vinicius Junior

    Jun 8, 2023

    My Ex Husband Will Remain The Love Of My Life – Carolyna Danjuma

    Jun 8, 2023

    Barcelona Told Alba, Busquets And I That We Were Responsible For Our Huge Salaries – Pique

    Jun 8, 2023

    Subscribe to Updates

    Get the latest breaking news straight into your inbox!

    Random News

    When Your Parachute is Black- New System Unveiled to Eradicate African American Unemployment Crisis

    Feb 21, 2014

    Davido Praise D’banj, Banky W For Having No Baby Mama

    Mar 28, 2016

    SMART Modular Technologies (Global), Inc. Schedules Lenders Conference Call to Review Financial Information for Its First Fiscal Quarter of 2014

    Jan 13, 2014

    I’m Grateful To Everton Fans For Their Unwavering Support During Relegation Battle – Owner

    Jun 9, 2022

    InfoStride News delivers the latest breaking news, Nigeria news, world news and top stories on business, celebrity, entertainment, politics, sports, technology and more. Experience the best of in-depth coverage, special reports, football highlights, political opinions, crime watch, celebrity gossips etc.

    GooglePlay Store Button

    Support InfoStride News' Credible Journalism

    Credible journalism involves a lot of efforts and money; and can guarantee a fair, accountable and transparent society, including democracy and government. We need your support to continue offering free access to our loyal readers and visitors like you.

    Click here to Donate

    Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • Our Terms
    © 2023 InfoStride News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Continue with Facebook
    Continue with Google
    Continue with Twitter
    Lost password?