“As I’m talking to you, $20billion is in various domiciliary accounts of individuals. Naira is our currency, why are they keeping the foreign currency? From my experience in the international finance, I have never seen a country where its nationals speculate on its currency,” That was a statement made by the apex bank governor as represented by the Deputy Governor in charge of Financial System Surveillance at a session of the joint committee on appropriation of the National Assembly yesterday.
The Deputy Governor in charge of Financial System Surveillance, Mr. Joseph Nnanna representing Emefiele said keeping the huge volume of dollars idle had compounded the forex crisis confronting the country.
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