Governor of the Central Bank of
Nigeria, CBN, Godwin Emefiele, has said the bank, with some stakeholders, have
identified smuggling and dumping as major challenges sabotaging the Nigerian
economic policies.
The governor said this on the
sideline of a consultative roundtable titled, “Going for Growth” with some
economic stakeholders in Lagos.
The News Agency of Nigeria (NAN)
reports that the essence of the rountable was to encourage participants to
highlight important building blocks that will lead to greater economic growth
in the country.
It also involves the CBN Governor
listening to their ideas and views on how productivity and investments by
companies operating in Nigeria can be improved.
Others include how to reduce the
nation’s dependence on imported goods and increase exports of non-oil goods and
services.
Emefiele said, “We have
identified smugglers and people dumping goods as those who sabotage those
policies and we decided that we will deal with them.
“The strategy that we came up
with is that we will not bother ourselves with them.
“There is an agency of government
that is responsible for border control and if these people pass through the
border control we would use the instrumentality of being the regulator of the
banking system to make sure that we get the banks to provide all details about
them.
“We investigate their accounts
and if they are found in economic sabotage, boarding, smuggling and dumping in
Nigeria, we would not only block their accounts, we would close their accounts
in all the Nigerian banks simultaneously.
He also said the CBN asked
commercial banks to close those companies’ accounts and those of the top
members of such entities.
The bank chief said CBN in due
course would come up with the names of those that had been identified.
“We want to be sure that we come
up with something that is credible and cannot be denied.
“At this stage we have already
blocked the accounts of some in the textile and rice and palm oil company.
“We are investigating those
accounts and as information becomes clearer, we can clearly say that they
committed the offence.
“We would then go to the next
level which is to forbid any Nigerian bank from maintaining accounts for these
people,” he said.
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