The Central Bank of Nigeria, CBN, has described as “laughable fabrications”, allegations that it sold foreign exchange to the wife of the president, Hajiya Aisha Buhari and other high ranking Presidency officials at the rate of N185 to a dollar.
The Peoples Democratic Party, PDP, which made the weighty allegations on Saturday, had claimed that the CBN, on the instructions of its governor, Godwin Emefiele, sold $22 million to Mrs. Buhari at the exchange rate of N185, which she in turn sold same day at the rate of N362 to a dollar, making huge profit.
The opposition party also accused the President’s Senior Special Assistant on Media and Publicity, Garba Shehu; Chief of Staff to the President, Abba Kyari and a Bureau De Change company linked to Minister of Interior, Abdulrahman Danbazau, of receiving $800,000, $400,000 and $6 million at N185 and selling at N350, N340 and N362 respectively.
The president’s wife and Mr. Shehu have since strongly denied the allegations while threatening to drag those behind the false accusations to court for defamation of character.
Reacting to the allegations in a series of tweets Sunday night, the apex bank not only dismissed the claims by the PDP, it said there was never a time its exchange rate stood at N185 to a dollar.
PDP's stories of sale of FOREX to individuals by #CBN are laughable fabrications.— Central Bank Nigeria (@cenbank) March 27, 2016
— Central Bank Nigeria (@cenbank) March 27, 2016
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