In a swift response to widespread online speculation, the Central Bank of Nigeria (CBN) has vehemently denied plans to forcefully convert $30 billion from Nigeria’s domiciliary accounts to naira.
The bank dismissed this information as “fake news” in a tweet on Saturday, urging the public to disregard such speculations.
“No plans to convert $30bn domiciliary deposits to naira. This news is fake!,” the post reads.