Nigerians on X [formerly Twitter] have reacted to CBN’s denial of an alleged plan to order the conversion of foreign currencies sitting idly in individuals’ and corporate organisations’ domiciliary accounts to naira at a rate to be determined by the Central Bank of Nigeria.
A national newspaper had reported that “There are strong indications that the Federal Government is mulling a policy that will result in the conversion of foreign currencies in domiciliary accounts of citizens to naira to stabilise the national currency, which earlier this week recorded its worst performance in history.”
READ ALSO: Domiciliary account holders may start collecting money in Naira
It may be recalled that on September 12, 2021, the Central Bank of Nigeria had assured members of the public that it will not convert the foreign exchange in the domiciliary accounts of customers into naira. The Bank was then reacting to social media claims that it wanted to do so.
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Meanwhile, Nigerians on X are swallowing the apex Bank’s recent denial with a generous dose of salt:
If they confirm it as FAKE that’s a sign and confirmation that it is going to Happen
Make your Pullout game strong
— Kelz Tbg (@KelzTbg) February 3, 2024
Don’t say you weren’t warned👇 pic.twitter.com/eSV8X4i6L0
— Ike God (@IkeGod_) February 3, 2024
Believe Naija government at your own risk. Punch no dey lie, una don discuss am in una coven.
— Lifeissues11 (@AGINAS) February 3, 2024
Same way Tinubu said Muslim-Muslim ticket is fake news… pic.twitter.com/7rFskkTvLc
— Anti-Agbado! (@Oserume1) February 3, 2024
Let’s see how long they keep it. We will come back to this when it materializes. It’s seems Nigerians don’t learn from the past.
Anything APC govt denies is real
— That Naija Guy™ (@IamThatNaijaGuy) February 3, 2024
Cbn denied after seeing the reaction from the survey.
— Aвđΰℓmumin (@a_lmumin) February 3, 2024
If they debunk it, they will do it…. Start moving your dollars!
— Nonconformist (@_nonconformist1) February 3, 2024
They only deny the truth! Believe them at your own peril 💯
— Jaypee (@JaypeeGeneral) February 3, 2024
Doing that will make matters substantially worse, in the medium to long term and may only serve as temporary reprieve. It is also not factually correct to say countries in the West or which are economically prosperous do not allow dorm or foreign denominated accounts.
— Dr. Ayodele Oni (@ayodelegoni) February 3, 2024
In this of government of uncertainty, anything is possible. It’s conceivable that a plan is being formulated or perhaps there is no plan at all.
However, it would be foolish to leave dollars in a domiciliary account. From the outset, the government has prioritized wasteful…
— Dr. Ikenna Uwanuakwa (@ikeuwanuakwa) February 3, 2024
