Forex Policy: CBN Must Ensure Full Compliance – Senator

Success is not really about the amount of money you have.Strippers  earn as much as 150,000 naira weekly exposing their naked bodies in clubs.Also, some politicians steal public funds,and leave their people to suffer.The list of ungodly means of making money are endless.Can we say people who make lots of money by ungodly means are successful?The likes of Bill Gates and Aliko Dangote can never be poor simply because they have a solution to some of human problems.Bill Gate helps solve the problem of information technology. .Dangote helps solve the problem of getting some basic needs like salt,cement,flour,steel,oil and gas and real estate.I think success is fulfilling your destiny on earth,and achieving your vision.A lot of rich people today are not successful.What is your own definition of success???

 

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Aug 5th 2015, 14:25

ARISEFormer Chairman, Senate Committee on privatisation, Ayo Arise, has urged the Central Bank Of Nigeria (CBN) to ensure full compliance with the Forex Restriction Policy, with better attention paid to Bureau de Change.

Mr Arise on Channels Television’s Sunrise Daily on Wednesday, said the Directors of the CBN meant well for the country, as the policy would help curb money laundering.

According to him, the policy had created a challenge for  the apex bank, which it had not well managed.

He stressed that Nigeria needed to shift away from reliance on crude oil to other sectors to boost the economy.

“If a policy mandates the banks not to accept dollars, how will the banks sell dollars?” he asked.

“I think we will begin to see a better effect of the policy  if our manufacturing base grows, power supply grows and also support the local industry to grow.

“We cannot rely on oil, the country must begin to export, ” he stressed.

Talking about the debt allegation on his company, Mr Arise said that incidentally, the company in question was not owing Unity Bank.

“They had a transaction whereby the company supplied them 18 machines, they took 12 million Naira facility to clear the machines, after delivering it to the bank, the bank was owing them over 19 million Naira.

“Till date, the bank had refused to pay. There was no transaction of borrowing, the transaction was done within the bank, he said.

About his next line of action, Mr Arise said he would take the case to court,

“Although, it takes a long time and it could be frustrating. I will also report them to the National Assembly as well because it is unethical,” he stressed.

The post Forex Policy: CBN Must Ensure Full Compliance – Senator appeared first on Channels Television.

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Revenge is a Poison meant for others, which we end up swallowing ourselves. Vengence is a Dark Light that blinds all who seek it. Don’t argue with Idiots.. They will bring you down to their level and beat you with experience.

Source : http://www.coolnsmart.com/wise_quotes/
Revenge is a Poison meant for others, which we end up swallowing ourselves. Vengence is a Dark Light that blinds all who seek it. Don’t argue with Idiots.. They will bring you down to their level and beat you with experience.

Source : http://www.coolnsmart.com/wise_quotes/

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