If you missed the CBN Governor's interview on Arise TV, here is a summary.
On FX Backlogs
- We met $7 Billion in unpaid obligations
- We had reason to believe we needed to take a harder look at those obligations.
- Deloitte was contracted to do a forensic audit of what is valid or not. The results were startling
-- $2.4 Billion had issues
-- Not having valid import documents
-- Entities did not exist got allocations
-- Entities who asked for FX got more than they asked.
-- Entities that did not ask got allocations
- We wrote to the authorized dealer to explain. Sadly much has not been disputed.
- $2.3 Billion of the validly executed ones including Airlines have been cleared.
- What remains is $2.2 billion. We are confident we will address those. We have come to the end of the road.
- The Naira remains undervalued
- The Naira will stabilise.
@wemabank I have been trying to increase my transaction limit in the last few days all to no avail. Could you please assist with this?
All the contact numbers on your ALAT app are not connecting and I am currently out of the country.
@Govshina@atiku@OfficialPDPNig This type of tactless approach to party politics can only come from a politician neophyte or better put, a political jobber who is more interested in his stomach than party cohesion.
Atiku failed because of statement like this.
@adamugarba You are just to pedestrian in your analysis of issues. This speaks volumes of your depth.
To be better schooled on political economy and the politics of development, please, avail yourself of any material on GLOBALISATION.
@DeeOneAyekooto He was never a political jobber before he got his present position. So he will gallantly return to his second address.
Let those who like to engage in inanities on new media continue. Unfortunately, those who have capacity will always held sway.
@alat_ng I am having difficulty accessing my online banking in the last 3hours. I don’t know the ‘meaning’ of my account not active having been using this platform in the last 1year. Account name: Adediran Fagbemigun. Account no: 0253045683.
Please, do the needful!