The Federal Government has dismissed a report that it plans to convert foreign exchange in depositors’ domiciliary accounts to naira, describing it as tantamount to economic sabotage.
Reports had surfaced insinuating that the Federal Government has plans to convert foreign exchange in domiciliary accounts, but the Coordinating Minister of Economy, Wale Edun, in a statement said such reports were false and misleading.
According to Edun there is no iota of truth in the claims that the Federal Government plans to convert foreign exchange in depositors’ domiciliary accounts to naira, describing the publication as falsehood at a time when the government is working to restore economic stability and confidence in the national currency.
