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    BRICS Summit: Tinubu Seeks Reevaluation Of Global Governance, Finance, Healthcare 

    BRICS Summit: Tinubu Seeks Reevaluation Of Global Governance, Finance, Healthcare 

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    Tinubu In Brazil For BRICS Meeting, To Woo Investors 

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    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

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    BRICS Summit: Tinubu Seeks Reevaluation Of Global Governance, Finance, Healthcare 

    BRICS Summit: Tinubu Seeks Reevaluation Of Global Governance, Finance, Healthcare 

    Tinubu In Brazil For BRICS Meeting, To Woo Investors 

    Tinubu In Brazil For BRICS Meeting, To Woo Investors 

    AMCON Sells 60% Stake In Ibadan DisCo For N100bn

    AMCON Sells 60% Stake In Ibadan DisCo For N100bn

    Lagos Bans Real Estate Practice, Others Without LASRERA Certification

    Lagos Bans Real Estate Practice, Others Without LASRERA Certification

    ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

    ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

    FG Gives N60B To Gombe For Agro-Livestock Industrial Zone

    FG Gives N60B To Gombe For Agro-Livestock Industrial Zone

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    • Market Stories
    • Bitcoin
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    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Giant Of African Literature Ngũgĩ wa Thiong’o Departs At 87

    Giant Of African Literature Ngũgĩ wa Thiong’o Departs At 87

    If Akeredolu Had Listened To Me, I Wouldn’t Be a Widow, Laments Ex – Governor’s Wife, Betty

    If Akeredolu Had Listened To Me, I Wouldn’t Be a Widow, Laments Ex – Governor’s Wife, Betty

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    ‘Ireke: Rise of the Maroons’ Set for Debut July 25

    ‘Ireke: Rise of the Maroons’ Set for Debut July 25

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Tinubu, Gov Mbah Mourn Nonagenarian Highlife Music Icon Ejeagha

    Tinubu, Gov Mbah Mourn Nonagenarian Highlife Music Icon Ejeagha

    Drug Cartel Members Abdúct, Kíll 5 Musicians On Way To Concert Venue

    Drug Cartel Members Abdúct, Kíll 5 Musicians On Way To Concert Venue

    I’m Still Saving My Virginity – Actress Olayode

    I’m Still Saving My Virginity – Actress Olayode

    My Ultimate Vision Is To Elevate African Sounds On the Global Stage – Ebonny Musik

    My Ultimate Vision Is To Elevate African Sounds On the Global Stage – Ebonny Musik

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    NSF Tragedy: Abiodun Mourns, Sends Delegation To Kano, Supports Victims’ Families With N31m

    NSF Tragedy: Abiodun Mourns, Sends Delegation To Kano, Supports Victims’ Families With N31m

    Gateway Games: Protesting Ogun Athletes Lift Siege At Games Village

    Gateway Games: Protesting Ogun Athletes Lift Siege At Games Village

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    Gateway Games Activities Grounded As Ogun Athletes Protest Over Unpaid Allowance

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    Odogbolu Leads As First Local Govt To Adopt eSports

    Gateway Games: Athletes, Spectators Flee As Gas Explosion Rocks Alake Sports Complex

    Gateway Games: Athletes, Spectators Flee As Gas Explosion Rocks Alake Sports Complex

    Gateway Games: NSC Disqualifies 6 Athletes Over Alleged Doping Issues

    Gateway Games: NSC Disqualifies 6 Athletes Over Alleged Doping Issues

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We’ve No Plans To Convert $30bn Domiciliary Account To Naira – FG, CBN

... Dismiss Report As Fake News

The Daily Crucible by The Daily Crucible
February 3, 2024
in News
0
We’ve No Plans To Convert $30bn Domiciliary Account To Naira – FG, CBN

 

The Federal Government has denied reported plans to convert foreign exchange in depositors’ domiciliary account to naira.

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Similarly, the Central Bank of Nigeria (CBN) denied any plan to convert foreign exchange in domiciliary account to naira.

A section of the media reported on Saturday that the Federal Government had plans to convert the domiciliary accounts to naira as a way to strengthen the naira.

But the Coordinating Minister of the Economy Wale Edu, in a statement to debunk the report, said there was no iota of truth in the report, dismissing it as falsehood.

He said: “There is no iota of truth in the claims of Punch Newspaper that the Federal Government plans to convert foreign exchange in depositors’ domiciliary accounts to naira.

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“The publication of such falsehood. at a time when the government is working to restore economic stability and confidence in the national currency is tantamount to economic sabotage.

“For the avoidance of doubt, I emphasize that depositors’ foreign currency in their domiciliary accounts will not be converted to naira.”

I  the same vein, the CBN in its latest post on its X page, rubbished the report, dismissing it as fake.

It said: “No plans to convert $30bn domiciliary deposits to naira. This news is fake!”

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