The founder of Erisco Foods Limited, Eric Umeofia, has alleged that there are racketeers that determine who gets foreign exchange from the Central Bank of Nigeria (CBN).
Umeofia said because he refused to compromise some years ago, the racketeers didn’t give him foreign exchange to finance his operation.
According to Umeofia, his refusal to compromise has made it impossible for him to obtain foreign exchange in the last three years.
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