CBN Comes For Landlords Schools That Receive Payment in Dollars

The Central Bank of Nigeria, CBN, yesterday stated that Naira still remains the Nations legal tender for transaction and has vowed to go after those who now prefer to be paid in foreign currencies…

The CBN held its Monetary Policy Committee meeting in Abuja yesterday March 24th, stressing that it is illegal for anyone to transact business in dollars in the country.
The Governor of the CBN, Mr Emefiele stated this while reading a communiqué at the end of a two-day monetary policy committee, MPC, attended by 11 out of the 12 members.
He said:

“We are looking for people who are making demands for foreign currency as payment for services, landlords who are asking for rents in dollars, schools that are asking for school fees in dollars, or those transacting business in dollars. It is illegal in Nigeria and we will like to advise those who are involved in these practices to desist from them because the CBN will in due course come after them”.

And on the current value of the Naira, Emefiele was optimistic that the currency will pick up after the elections:

“I am very optimistic that foreign and domestic investors are looking at the currency and are optimistic that after the elections confidence will improve because elections will come and go but Nigeria will remain and business will resume and the economy will remain resilience and be on the upward direction

Nigerians sha – Why should a school or landlord receive payment in dollars???