Lagos - Following Central Bank of Nigeria (CBN), new money transfer policy, popular comedian, Basketmouth has aired his thoughts.
CBN on Thursday August 4, 2016 stopped all privately owned money transfer companies from wiring money, leaving only three foreign owned companies to do it.
Basketmouth however thinks it is a wrong move and will make life more difficult for Nigerians.
He took to Instagram on Thursday to share his misgivings .
“This senseless money transfer deal to Nigeria is what has caused the recent spike in FX rates. I hear FX will be £1 to N700 and $1 to N550 in the next couple of days. I wonder which planet CBN is on, when you give a whole country's source for foreign currency to just 3 foreign companies and think it is sensible.Empower local companies, these companies need us more than we need them... Pls let's not stay mute and watch this happen to us," he said.