Tthe Central Bank of Nigeria has said that it has nothing to do with such a legislation that will bar citizens from holding foreign currencies for more than 30 days.
The Acting Director, Corporate Communications, CBN, Isaac Okorafor, stressed that the apex bank, in line with its mandate, was committed to safeguarding the international value of the country’s legal tender.
He denied knowledge of the proposed clause recommending a jail term of two years for any holder of foreign exchange in cash or a fine of 20 per cent of the amount.
“To the best of my knowledge, the Central Bank of Nigeria has not proposed any bill seeking to arrest and jail persons holding foreign exchange for more than 30 days,” Okorafor said in a statement.
He also denied that the CBN was planning to confiscate funds in domiciliary accounts of individuals, saying such a claim was false.
