August 4, 2020

CBN governor and his team not responsible by action of some persons discrediting the institution – Isaac okoroafor

The Central Bank of Nigeria on Wednesday said it would not be deterred in its effort to steer the Nigerian economy away from the looming recession due to the impact of COVID-19.

It said this was in spite of the push by some vested interests to impugn the integrity of the bank.

The Bank’s Director, Corporate Communications Department, Isaac Okorafor, said the bank had uncovered sinister plans by some persons in Nigeria’s economic and socio-political space to distract the CBN.

He said such persons want to discredit the institution through deliberate misinformation, complete fabrications and outright lies.

Read also: what I have seen with them is completely different from where I am coming from (APC),” edo deputy governor stated

He, however, noted that the CBN Governor, Godwin Emefiele, and his team at the bank would not be deterred by the actions of such persons.

Okoroafor said the bank, in pursuit of its mandate enshrined in the CBN Act 2007, as Amended, would continue to strive to ensure accretion to the external reserves to safeguard the international value of the naira.

He added that it would continue to ensure that no individual or institution circumvents the system.

According to Okorafor, the naira, in the past three years, had remained stable against other world currencies, due to strict measures put in place by the CBN to check cases of round-tripping.

He said the bank, working with other relevant agencies of government, had equally curtailed the activities of economic saboteurs neck-deep in smuggling and other economic crimes.

He noted that those opposed to the policies of the CBN would not relent in their effort to undermine the bank, but stressed that the bank remained resolute to the dictates of its enabling Act.

14 thoughts on “CBN governor and his team not responsible by action of some persons discrediting the institution – Isaac okoroafor

  1. My brother recommended I would possibly like this blog.
    He used to be totally right. This put up actually made my day.
    You can not believe simply how so much time I had spent for this information! Thank you!

  2. I’ve been surfing online more than 4 hours today, yet I
    never found any interesting article like yours. It is pretty worth enough
    for me. In my opinion, if all webmasters and bloggers made good content as you did, the web will
    be much more useful than ever before.

  3. Howdy I am so thrilled I found your website, I really found you by error, while
    I was browsing on Bing for something else, Regardless I am here now and would
    just like to say thanks a lot for a incredible post
    and a all round entertaining blog (I also love the theme/design),
    I don’t have time to read it all at the minute but I have bookmarked it and also added
    your RSS feeds, so when I have time I will be back to read
    more, Please do keep up the excellent jo.

  4. I feel this is among the such a lot important information for me.
    And i am happy studying your article. But wanna observation on some common issues, The site
    style is great, the articles is really great : D. Just right task, cheers

  5. It is the best time to make a few plans for the future and it is time to be happy.

    I’ve learn this publish and if I may I want to
    suggest you few attention-grabbing things
    or suggestions. Maybe you can write next articles regarding this article.
    I want to learn more issues about it!

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: