CBN Reacts To Allegation Of ‘Forex Deal’ With Aisha Buhari

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The Central Bank of Nigeria (CBN) has reacted to an allegation by the People’s Democratic Party (PDP), that the First Lady, Mrs. Aisha Buhari, was involved in round tripping of foreign exchange.

READ ALSO: I’m Not A Forex Dealer – Aisha Buhari Threatens ‘Libellous Lawsuit’ Against PDP

The Apex Bank referred to the allegation as “not only ridiculous but laughable,” as it also cautioned politicians to allow the Bank to concentrate on its work and avoid dragging it into mudslinging attempts for whatever gain.

Wife of the President of Nigeria, Aisha Buhari
Wife of the President of Nigeria, Aisha Buhari

According to the spokesman of the Apex Bank, Mr. Isaac Okoroafor, the CBN does not sell foreign exchange to individuals or companies. Instead, it sells to banks which sell to their customers.

He also urged politicians to avoid demeaning the reputation of the Bank as any attempt to destroy the bank’s integrity will impact negatively on the nation’s economy.

He said: “Politicians should spare this institution from deliberate falsehood because if they destroy the reputation of the institution, the economy suffers. Politicians should please allow us to do our job in the interest of the economy.”

“With every sense of responsibility, it is important to state that the Central Bank does not sell forex to individuals nor companies. You are aware that we sell forex to banks which in turn sell to their customers. For anyone to say that the CBN sells forex to individuals or some companies is, indeed, very ridiculous and mischievous.

“It was very laughable to say that the CBN sold forex to anyone at N185/$1. The records are there for anyone who is interested to crosscheck. The CBN has not sold the dollar at N185 in recent times. The movement of the exchange rate was N155/$1; N168/ $1; and from there to the current rate of N197/$1.”

Okoroafor called on Nigerians to disregard what he described as “baseless” and “falsehood” that had been trending in the social media.

On Saturday, a verified Twitter handle of the PDP: @PdpNigeria, tweeted that Mrs Buhari and some aides of President Muhammadu Buhari were beneficiaries of dollar allocations from the Governor of the CBN, Mr Godwin Emefiele.

READ ALSO: Presidency Reacts To PDP’s Accusation Of ‘N280m Forex Deal’

A company belonging to the wife of Nigeria’s President was accused of collecting $22million at the rate of N185 and then selling it off at N362 that same day.



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