Diaspora remittances: ‘Banks could hoard foreign currency’
By Tribune Online
Diaspora remittances: ‘Banks could hoard foreign currency’
Following the Central Bank of Nigeria (CBN) circulars amending and clarifying the procedure for receipt of diaspora remittances, a legal expert, Ifeoluwa Ebiseni an Associate at AELEX legal practitioners has warned that, Deposit Money Banks (DMBs) could hitherto hoard the foreign currency received, to be sold at a time when the Naira is devalued. The […]
Diaspora remittances: ‘Banks could hoard foreign currency’
Tribune Online