…to deploy examiners to monitor complianceIfeanyi Onuba, AbujaThe Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Monday warned banks against selling dollars to eligible travellers above the stipulated price of N360. To qualify to access foreign exchange under this regime, such eligible travellers must have in their possession valid travelling documents such as visas, passports and air tickets. “We’ve visited three banks, First Bank, Zenith and lastly, UBA. For instance, the Executive Director, North, Zenith Bank Plc, Umar Ahmed, who received Emefiele at the bank’s branch in Maitama, stated that foreign exchange was sold to travellers at the price of N360 to a dollar. Currently, we have customers right now that foreign exchange are being sold to.

Source: Punch May 28, 2018 23:03 UTC