Bwala Knocks Atiku, Praises New CBN Policy to Combat Exchange Rate

Bwala Knocks Atiku, Praises New CBN Policy to Combat Exchange Rate
Atiku Abubakar
Daniel Bwala, a former political ally of the 2023 presidential candidate of the People's Democratic Party (PDP) and former vice president of Nigeria, Atiku Abubakar, has indirectly attacked the former vice president of Nigeria over an alleged event, sabotaging the economy of Nigeria. He eulogized the administration of President Bola Ahmed Tinubu following a decision by the Central Bank of Nigeria (CBN) to tackle the saboteurs frustrating the Nigerian economy.

The Round Table early reported that CBN has placed a ban on the use of foreign currencies including Dollars, Pounds Sterling and others for domestic transactions

The statement released by the CBN Directorate of Corporate Communication stated that it is now an offense to "Use foreign currencies in the domestic economy as a means of payment for goods and services by individuals and corporate organizations.

Reacting to the development, Bwala said, "Thank you @cenbank for this directive. Imagine there is a Nigerian private university, operating in the Nigerian market, owned by a Nigerian, collecting school fees and ancillaries in Dollars. Many other domestic companies transacting in Forex. We would soon get to the root of why the naira is depreciating."

Arguably, going by Bwala's assertion, Atiku's privately owned American University of Nigeria, Yola, was accused of running the institution, including school fees and staff salaries payments, on U.S Dollars.

Daniel Bwala who campaigned assiduously against the presidential ambition of Bola Ahmed Tinubu during the 2023 general election and served as the spokesman of the Atiku's Presidential Campaign Council, has in recent times pitched his political tent supporting President Bola Ahmed Tinubu with a commendation of some policies the president has been rolling out.

Category: World-News
Tag: Bwala Knocks Atiku Praises New CBN Policy to Combat Exchange Rate
Written by Author (author)
Published 2/4/2024 7:03:38 PM

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