CBN to verify $7bn outstanding FX backlog claims, says Cardoso

The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has said the apex bank is working towards verifying the outstanding claims from the $7 billion foreign exchange transaction backlog inherited from the previous administration.

The apex bank’s governor affirmed that the claims are being investigated to verify the claims to have a better understanding of it and its appropriateness.

Cardoso made this known at the 2024 Nigerian Economic Summit dinner in Abuja, yesterday.