The Central Bank of Nigeria (CBN) has confirmed that two domiciliary accounts opened for the Presidential Foreign Investment Promotion Council were never activated. According to the bank, the accounts remained dormant because the agency failed to provide the necessary authorized signatories required to finalize the process.
The CBN’s statement addresses reports regarding the agency, which has been described as fake. By clarifying that the accounts were never operational, the bank has effectively ruled out the possibility that any foreign currency transactions were conducted through these channels.
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