Adedapo Adesanya
By Adedapo Adesanya
The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has insisted that the bank has met all its valid contractual foreign exchange (FX) obligations.
Recall that recently, the apex bank said that all owed FX obligations to the tune of $7 billion had been cleared. However, some quarters insist that the money has not been settled since the value at the market did not meet up their projections due to the appreciation of the Naira.
Speaking after the CBN’s 294th Monetary Policy Committee (MPC) meeting which rounded off on Tuesday, Mr Cardoso said, “We have settled and as at today, as I have said before and I will say it again, that the Central Bank of Nigeria is concerned have been take care of.”
He noted that the CBN had carried out its own end of the bargain, refusing to mention the stakeholders which are likely airlines, which had kicked against the initial announcement.
“There may be some stakeholders who over a period of time may have had backlogs in one form or the other, we are not unmindful that that may be the case, some of that may go back years or a long period of time, we have done what we can to make the market as open and transparent and liquid as possible; so those particular stakeholders are free to access those market and take care of their backlogs,” he further said.
Mr Cardoso added that, “But we have met the verified backlog of contractual obligations as we deem them forward transactions.”
