Federal finance and statistics / Central Bank of Nigeria

Resurgence of Foreign Exchange Malpractices

Keywords: Authorised Dealers CBN established market intelligence many banks engaging in forex malpractices illegal dealing outlawed "free funds" market persistent increase demand forex accounts not funded spurious demand desperate efforts banks improve position on-going consolidation. CBN will not hesitate to impose appropriate sanctions including withdrawal of dealer's licence bank involved in forex infractions Chief Excutive be sanctioned and blacklisted . Ted/ad/133/2004. Akanji O. O. (Mrs.) Trade & Exchange resurgence of forex malpractices.