By Michael Okakor:
The President, Association of Bureau De Change
Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, has blamed the recent depreciation of
naira on the speculators’ resistance by the banking
industry.
The president revealed on Saturday in Lagos
that the refusal of some banks to sell the invisibles such as personal
and business travel allowances frustrated naira recovery.
The ABCON chief said that the CBN had recently accused the banks of frustrating its policies.