EXCLUSIVE: Stop Patronizing Illegal Markets – Emefiele hammers Dangote, Wigwe, Others in Leaked VideoAs the Central Bank of Nigeria struggles to stabilise the currency exchange rate, its Governor, Godwin Emefiele, has accused some local and foreign investors of buying dollars from the parallel market, popularly referred to as ‘black market’.
The situation was also compounded by the suspension of sales of foreign exchange to Bureau de Change operators by the CBN. However, since the demand for dollars by importers, foreign investors in the debt market who want to repatriate their funds, is higher, many have resorted to buying from the parallel market, which takes its toll on the country’s economy.In video footage exclusively obtained by POLITICS NIGERIA, the apex bank’s Governor warned the investors against buying dollars from the parallel market.
“Don’t go into illegal business. Do your business legally and make your money. I repeat and I know it. I know some of you are involved. Stop now! By you going to the parallel market, you are helping to overheat that market.”