The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has denied  the allegation by some members of the public that the bank planned jail term for Nigerians keeping dollars at home was untrue.

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has denied  the allegation by some members of the public that the bank planned jail term for Nigerians keeping dollars at home was untrue.

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has denied  the allegation by some members of the public that the bank planned jail term for Nigerians keeping dollars at home was untrue.

He said “The NLRC is an agency of government that has the responsibility of reviewing all laws in the country from time to time depending on exigencies of time.’’

He also said that the CBN had not been contacted regarding some of the clauses included in the review being conducted by the NLRC.

“I am saying here and categorically that if we are contacted or whenever it becomes an issue for discussion, we would suggest and advise against a clause that forbids people from keeping their dollars if they choose to or a law that says people should be jailed for keeping foreign currency.

“Again, there is nothing in our current and extant foreign currency laws and regulations that says that people will be jailed or that their foreign currencies will be confiscated. I advise people to please stop listening to rumour mongers.’’

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