CBN dismisses rumour to convert domiciliary accounts to naira

Central Bank of Nigeria Governor, Godwin Emefiele

The Central Bank of Nigeria (CBN) said it has no plan to convert all domiciliary accounts of bank customers to naira account.

This was contained in a statement signed by Ibrahim Mu’azu, Director of Corporate Communications, on Thursday in Abuja.

“The attention of the bank has been drawn to a malicious rumour purporting that the CBN is planning to convert the Foreign Currency Domiciliary Account Deposits (US Dollars or British Pounds Sterling) of customers in Nigerian banks into naira.

“The CBN wishes to refute this rumour in the strongest possible terms.

“This story is categorically and completely untrue and has no basis whatsoever in the Bank’s pronouncements or plans,” it said.

According to the statement, the CBN has never contemplated such an action and has no intention to do so.

“For avoidance of doubt, the CBN would like to reiterate that customers who operate domiciliary accounts as well as the general public should disregard this fictitious rumour, and go about their normal businesses.

“There is no intention at all to tamper with the Foreign Exchange Currencies in the accounts of customers in our banks,” it added.