The Central Bank of Nigeria has debunked the report alleging that the federal government is considering converting $30bn domiciliary deposits in Naira.
In a statement signed by the Director of corporate communications, Sidi-Ali Hakama on Saturday, the CBN said the allegation aims to trigger panic attack in the foreign exchange market.
part of the statement reads “This allegation is absolutely false and aims to trigger panic in the foreign exchange market, which the CBN is working assiduously to stabilize, as evidenced by its recent work and policy directions.
“Similar false narratives have been spread on the work of the CBN over the past few months and it is clear that vested interests are determined to sabotage our efforts.
Hakama also assured the public that the CBN would never do “anything that would undermine the currency and economy.