Dollarisation of economy: CBN goes after landlords, schools- Emefiele

The Central Bank of Nigeria, CBN, is to go after shylock landlords and school owners who demand rents and fees in dollars within a view to bringing them to book, for contravening the nation’s legal provisions.


Briefing the press on the outcome of yesterday’s monetary Policy Committee, MPC, meeting in Abuja , the Governor of the CBN, Mr. Godwin Emefiele, who announced the decision of the MPC to retain Monetary Policy Rate at 13 per cent, explained that transacting any form of business using dollars in the country was illegal and those involved would face the consequences.