{"id":85839,"date":"2021-09-12T11:41:28","date_gmt":"2021-09-12T10:41:28","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=85839"},"modified":"2021-09-12T11:41:28","modified_gmt":"2021-09-12T10:41:28","slug":"cbn-denies-plan-to-convert-domiciliary-account-holdings-into-naira","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/cbn-denies-plan-to-convert-domiciliary-account-holdings-into-naira\/","title":{"rendered":"CBN denies plan to convert domiciliary account holdings into Naira"},"content":{"rendered":"
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The Central Bank of Nigeria (CBN) has asked Nigerians to ignore reports that domiciliary account operators have been directed to convert their holdings into naira.<\/div>\n
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\nIn a statement on Saturday, CBN\u2019s Director of Corporate Communications, Osita Nwanisobi, said the purported directive was not from the bank.<\/div>\n
\nAccording to him, the nation\u2019s financial regulator is aware of a circular with a fake CBN logo issuing the said directive to Deposit Money Banks (DMBs), International Money Transfer Operators (IMTOs), and members of the public.<\/div>\n
\nNwanisobi stressed that the CBN did not plan such a line of action and would have no reason to make a decision of such, saying the directive was intended to cause panic in the foreign exchange market.<\/div>\n
\n\u201cWe wish to reiterate that the Bank has not contemplated, and will never contemplate, any such line of action. The speculation is a completely false narrative aimed at triggering panic in the foreign exchange market,\u201d he said.<\/div>\n
\nThe CBN spokesman, therefore, appealed to domiciliary accounts operators and members of the banking public to go about their legitimate foreign exchange transactions.<\/div>\n
<\/div>\n
He asked them to be mindful of misleading circulars, adding that any circular issued by the bank would be posted on its website (www.cbn.gov.ng<\/a>).<\/div>\n
\nNwanisobi warned against the unauthorised use of the CBN logo, saying appropriate authorities were already making efforts to apprehend those behind the misleading circular.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Nigeria (CBN) has asked Nigerians to ignore reports that domiciliary account operators have been directed to convert their holdings into naira. In a statement on Saturday,…<\/p>\n","protected":false},"author":1,"featured_media":67910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-85839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nCBN denies plan to convert domiciliary account holdings into Naira - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/cbn-denies-plan-to-convert-domiciliary-account-holdings-into-naira\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN denies plan to convert domiciliary account holdings into Naira - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria (CBN) has asked Nigerians to ignore reports that domiciliary account operators have been directed to convert their holdings into naira. 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