Senior officials of both the Central Bank of Nigeria and the federal Ministry of Finance have told BusinessDay there is “absolutely” no plan to convert funds held in the domiciliary accounts into Naira contrary to reports by a section of the press.
“I do not why anyone will publish such a baseless article like this at this time in our nation’s financial history,” Governor Yemi Cardoso told BusinessDay Saturday.
“There is absolutely no such plan to seize funds in domiciliary accounts or to convert such funds to Naira”, he added.
Wale Edun, Nigeria’s Finance Minister also denied there was any such plan when contacted by BusinessDay.
Details to follow..
