The United Bank for Africa has debunked reports that t has been banned by the Central Bank of Nigeria from the foreign exchange market.
According to the bank in a statement signed by its Head of Corporate Communications, Charles Aigbe, he said that the bank has remitted All NNPC/NLNG Dollar Deposits.
The statement reads thus; “Our attention has been drawn to report of the ban of UBA from the foreign exchange market by the CBN over the non-remittance of NNPC/NLNG dollar deposits.
“We wish to state very categorically that UBA has completely remitted all NNPC/NLNG dollar deposits.
We thank all our numerous customers, business partners and other stakeholders who have reached out to us on account of this report.”
