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CBN Refuses To Disclose Data On Beneficiaries Of Exchange Rate Differential
The Central Bank of Nigeria has refused to disclose the volume of dollars given out at N305 as well as what sectors and schemes have been benefiting from the N55 difference.
The Civic Media Lab had since August 28 written a Freedom of Information scheme seeking to know how much subsidised foreign exchange the bank had disbursed through channels such as the Forex Intervention Scheme.
According to the Lab, the need to make the FoI request was sparked by comments made by Chairman of Major Oil Marketers Association of Nigeria, Tunji Oyebanji, that he knows no marketer receiving forex at N305 to a dollar.
Mr Oyebanji had made this comment during this year’s Nigerian Oil and Gas Conference and Exhibition in Abuja.
He was responding to claims made at the conference by the then Chief Operating Officer, Downstream at the Nigeria National Petroleum Corporation, Henry Ikem-Obih, that the state-owned corporation was able to save $1.7bn from the Forex Intervention Scheme launched by the CBN and co-managed by the NNPC.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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