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The Central Bank of Nigeria, CBN has asked Nigerians to ignore reports that domiciliary account operators have been directed to convert their holdings into naira.
A statement issued yesterday by CBN’s Director of Corporate Communications, Osita Nwanisobi, stated that the purported directive was not from the bank.
The statement noted that the nation’s financial regulator is aware of a circular with a fake CBN logo issuing the said directive to Deposit Money Banks, DMBs, International Money Transfer Operators (IMTOs), and members of the public.
It stressed that the CBN did not plan such a line of action and would have no reason to make a decision of such, adding that the directive was intended to cause panic in the foreign exchange market.
