…It is fake news says Finance Minister
The Federal Government reacted to the report that it plans to convert $30 billion domiciliary deposits by Nigerians to naira.
The Central Bank and the Minister of Finance, Wale Edun, made known the position of the Federal Government.
Edun and the CBN spoke in separate reactions on Saturday.
Wale Edun,Finance Minister- report is fake news
In a statement on Saturday, Edun, who is also the Coordinating Minister of the Economy, 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.
“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.
Yemi Cardoso,CBN Gov-battling forex cabal
“For the avoidance of doubt, I emphasize that depositors’ foreign currency in their domiciliary accounts will not be converted to naira.”
The CBN reacted in a post cited by Newdawnngr.com on its X handle in the early hours of Saturday: “No plans to convert $30bn domiciliary deposits to naira.
“This news is fake!”
