DAILY TRUST
The Central Bank of Nigeria (CBN) says it has paid approximately two billion dollars in its bid to clear the backlog of outstanding foreign exchange liabilities across various sectors.
According to a statement by CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali, in Abuja on Thursday, the benefiting sectors include manufacturing, aviation, and petroleum.
Sidi-Ali said that the apex bank had also cleared up the entire liability of 14 banks and started settlements with foreign airlines, adding that it would continue settlement of verified fx backlog.
She said that payment of the fx backlog for qualified transactions had commenced, adding that the CBN had commissioned an independent forensic review by a reputable firm.
She, however, said that the forensic review revealed grave infractions, gross abuse, and significant non-compliance with market regulations by some of the stakeholders.
