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Singer Yemi Alade slams CBN over dollar regulation


Nigerian afropop singer and activist,  Yemi Alade, has slammed the Central Bank of Nigeria (CBN) for putting in regulations that are unfit for the ordinary Nigerian.

The ‘Shekere’ singer, in a series of tweets on Sunday, said the apex bank keeps focusing on fighting money laundering but, in turn, creates real problem for economy.

According to Yemi Alade, all the restrictions introduced by the CBN is making the poor man get poorer.

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She begged that the CBN at least try to create a balance.

Yemi Alade tweeted:

“CBN REALLY NEEDS TO CONSIDER THE ORDINARY MAN IN NIGERIA! All the new restrictions on Usd deposits is affecting alot of businesses.

“You don’t have enough USd to even give legitimate business people for their imports, why not find another solution. Poor man is getting POORER.

“Go to your local grocery store, whether na aboki shop or Supermarket and see that they cannot restock a lot of products once they run out. We don’t produce any of these finished products even toothpaste. Your focus is money launderers but you are in turn worsening our economy Dear CBN” Can you please create a balance for us?

“CBN… While you have focused on truncating cash dollar deposits, the Cyclic nature of Money from rich to poor is making this country unbearable to live in.

“So.much Bureaucracy in action and no one consciously trying to apply it to our reality! How long will your restriction on USD go on for? CBN do better! It’s bad enough that you charge 50 naira per naira transaction and almost 3k monthly for account maintenance. She wrote.

See Tweet below;

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