The Central Bank of Nigeria on Friday dismissed claims by the Senate that it is selling dollars to some businesses at an unofficial rate of N200.
The Senate on Wednesday had asked the Federal Government to direct the CBN to supply dollars at N200 to intending pilgrims.
This followed a motion by the former governor of Kebbi State, Adamu Aliero, APC-Kebbi.
Aliero said his request followed confirmed information he had that the apex bank was allocating foreign exchange to some businesses at N200 to the dollar.
“The committee strongly recommends the concession of N200 to $1 for 2017 Hajj, to bring down the cost to a bearable level,” Aliero said.
But the apex bank has denied selling to businesses at subsidized rates.
“It is not true,” CBN spokesperson, Isaac
Okorafor, said.
“We (CBN) are NOT selling FOREX to anyone at N200 to the dollar. The lowest rate in the entire market is the inter-bank rate, which ranges between N305 to N315,” he explained.
To be candid! Democracy need to be scrap in this country, doesn’t make sense here at all, senathieves are calling for exchange of forex to #200 for pilgrims, rather to channel this to business bodies to ease them to import goods and also trade internationally.