Yemisi Izuora
The Central Bank of Nigeria (CBN), has frowned at frustrations faced by some customers
seeking to buy forex for BTA, PTA, medical and school fees orchestrated by
some banks which falsely claim that the CBN is not allocating enough forex to them
for those purposes.
The CBN dismissed such claims as totally untrue, insisting that all banks have more than enough stock of forex in their
possession for the purpose of meeting genuine customers’ demand for BTA, PTA,
tuition and medical fees.
“Indeed, on a weekly basis, the CBN has been selling at least
$80m to banks for onward sale to their customers for these invisible items.
Members of the public seeking to buy forex for the above-mentioned purposes are,
therefore, advised to go to their banks and obtain their forex. Any customer who is not
attended to within 24 hours for BTA/PTA or 48 hours for tuition and medical fees
should call 07002255226 or send an email to cpd@cbn.gov.ng, with the name and
branch of the non-cooperating bank,” the Bank said in a statement