He however said the bank would increase dollar allocation to the banks and licensed bureau de change (BDC) operators with special consideration to manufacturing industries that need to import raw materials and spare parts in a bid to discourage a situation whereby street currency traders determine its rate to the dollar.
“Let me re-state categorically as I have always maintained, for the record, I have NOT and WILL NEVER Steal Money from OR DEFRAUD the Federal Government of Nigeria. I am willing to respond to any charges brought against me that follow duly laid down procedures.
“In reality, the Naira should not be affected more than the N305,” she argued, explaining that this was so because the CBN had put in place measures to stimulate more supply of dollars to deal with its shortage in the market.”
He specifically condemned the “singling out” of the Malabu oil deal for probe, saying it was disheartening that while the other oil blocks awarded at the same time and through the same process were left untouched, the Malabu incident had been a subject of sustained probe because it is owned by a Niger Delta individual.
At the NNPC mega stations and filling stations run by major marketers, the queues were longer, as they have maintained the official price of N145 per litre.
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