LAGOS – United Bank for Africa, UBA, has dismissed report suggesting that it has been banned by the Central Bank of Nigeria from the foreign exchange market.
A statement UBA Head of Corporate Communications, Charles Aigbe, stated that the bank has indeed, remitted all NNPC/NLNG dollar deposits.
Aigbe’s terse statement reads:
“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.”
