IGBOS LAMBAST FEDERAL GOVERNMENT OVER SUGAR IMPORTATION EXCLUSIVE RIGHTS TO DANGOTE AND BUA

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IGBOS LAMBAST FEDERAL GOVERNMENT OVER SUGAR IMPORTATION EXCLUSIVE RIGHTS TO DANGOTE AND BUA
IGBOS LAMBAST FEDERAL GOVERNMENT OVER SUGAR IMPORTATION EXCLUSIVE RIGHTS TO DANGOTE AND BUA
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BY PRINCELY ONYENWE, IMO

In NIGERIA, the Igbos are crying tough to be fully integrated into the mainstream of governance to enable them to contribute to the development of their region until the recent heat came upon them by the RESTRICTIONS on sugar IMPORTERS.

9News Nigeria reports that the central bank of NIGERIA CBN has restricted the importation of sugar to only three firms among others.

However, the CBN has maintained that only the authorized dealers in the foreign exchange market not to open forms M or grant access to foreign exchange for any company without its prior and express approval.

Our correspondent reports that the said form M is a mandatory document to be completed by all IMPORTERS for the importation of goods into NIGERIA.

This decision, which was made public on Friday through a CBN circular dated 16-07-2021 with reference number TED/ FEM/PUB/FPC/01/006, was posted on the Official website of the apex bank.

The release was signed by the Director of Trade and Exchange Department of the CBN, Dr O.S NNAJI, stating that only three companies can import sugar into NIGERIA.

The investigation also REVEALED that none of these authorized companies, which include DANGOTE SUGAR REFINERY PLC, GOLDEN SUGAR COMPANY AND BUA SUGAR REFINERY LTD were owned by Igbos.

9News Nigeria (Owerri)
For inquiries on this news contact 9News Nigeria Imo State @08036856526

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About Princely Onyenwe 710 Articles
Princely Onyenwe A seasoned Investigative Journalist, Civil Rights Activist, and Political Analyst, Currently Editor and News reporter with 9News Nigeria www.9newsng.com www.facebook.com/9newsng

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