Falana Writes Central Bank Gov, Emefiele, Seeks Abolition Of Multiple Exchange Rates In Nigeria | Sahara Reporters

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Falana in the Freedom of Information Request sent to Emefiele, sought information with regards to plans taken to unify the exchange rates in the country.

Human rights lawyer, Femi Falana has written the Governor of the Central Bank of Nigeria, Godwin Emefiele requesting information on the abolition of the multiple exchange rates in the country. The Senior Advocate made reference to remarks by Emefiele and Minister of Finance and National Planning, Zainab Ahmed where the duo noted that exchange rates would be unified around the I & E Window exchange rate.

“Furthermore, Mr. Emefiele dismissed activities in the parallel market as illegal business, adding that people patronizing the market are"doing dealings that are not recognized by authorities. ”The Minister of Finance and National Planning, Zainab Ahmed, confirmed the plan of the Central Bank of Nigeria to unify the exchange rates in the country, The Minister, who spoke at the interactive session on the Medium Term Expenditure Framework , organised by the House of Representatives Committee on Finance in Abuja on August 17, 2021, said the policy would end the multiple exchange rates that had bedevilled the country.

 

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A system designed to swindle fellow citizens by few privileged govt officials and their cronies by accessing it at a lower rate then resale at high margins.

How about the Arabic article on our currencies? The CBN governor should do something about it, Nigeria is not an arabic nation.

Emiefele can't do that He lack the balls to do that

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