Saturday, February 20, 2016

FOREX: CBN Clears Air On School Fees And Medical Bills Payment


The Central Bank of Nigeria (CBN) says it has not stopped the 
allocation and sale of Foreign Exchange for purposes of payment 
of school fees and settlement of medical bills overseas.
In a statement by its spokesman, Ibrahim Mu’azu, the Bank urged 
Nigerians to disregard any contrary information.
The apex bank claimed that despite assurances it had given, some 
persons had continued to suggest that the Bank had stopped the 
allocation of Foreign Exchange to Nigerians seeking to pay school fees 
and medical bills overseas.
It further urged Nigerians to discountenance such misinformation.
The CBN also urged all genuine users desiring to obtain foreign 
exchange for payment of school fees and settlement of medical 
bills abroad to approach their banks with their requests 
and appropriate documentation.

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