Monday, 28 March 2016

CBN unravels truth about Aisha Buhari's dollar Forex Allegations

Aisha Buhari
The Central Bank of Nigeria, CBN, has turned down claims by the People’s Democratic Party (PDP) that Nigeria’s First Lady, Aisha Buhari was involved in round tripping of foreign exchange. 

The PDP had in a series of tweets, implicated the governor of CBN, Godwin Emefiele and President Muhammadu Buhari’s aides in a round tripping of the naira against the dollar, an allegation which Mrs Buhari frowned against. 

But Isaac Okoroafor, CBN’s spokesperson in a chat with Vanguard on Sunday, March 27, labeled the allegation as being “not only ridiculous but laughable.” 

“Politicians should spare this institution from deliberate falsehood because if they destroy the reputation of the institution, the economy suffers. Politicians should please allow us to do our job in the interest of the economy,” Mr Okoroafor added. 

He explained further that the Central Bank does not sell foreign exchange to individuals or companies, saying: “With every sense of responsibility, it is important to state that the Central Bank does not sell forex to individuals nor companies. You are aware that we sell forex to banks which in turn sell to their customers. For anyone to say that the CBN sells forex to individuals or some companies is, indeed, very ridiculous and mischievous.

“It was very laughable to say that the CBN sold forex to anyone at N185/$1. The records are there for anyone who is interested to crosscheck. The CBN has not sold the dollar at N185 in recent times. The movement of the exchange rate was N155/$1; N168/ $1; and from there to the current rate of N197/$1.” 

He therefore urged Nigerians to disregard what he described as ‘baseless’ and ‘falsehood’ that had been trending in the social media. 

Mrs Buhari on her part, said: “Be advised, any further attempt to malign the person of the wife of the president will be dealt with according to the law. This is grounds for a lawsuit on defamation of character. 

“Making false and unfounded allegations without proof just to incite Nigerians on social media is wrong.”

Source- Vanguard

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