Categories: Crime Watch Top Stories

Falana Accuses NIMASA Of Taking Forex Out Of Nigeria To Buy UK Properties

Advertisement
Advertisement

Falana has accused NIMASA of taking Forex out of Nigeria to buy UK Properties.

 

Newsonline Nigeria reports that Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has accused the Nigerian Maritime and Safety Agency (NIMASA) of siphoning the scarce foreign exchange out of the country to purchase 3 properties in the United Kingdom (UK). 

 

The allegation was made by Falana while appearing on a Channels Television programme, Sunrise Daily, on Friday, August 18, 2023. 

 

They took dollars out 

  • Falana during the discussion asked, NIMASA has just brought three properties in England under this regime. For what?’’
  • He said, “Just to take out dollars. Please, let us run this country in the interest of our people. We are not a poor country, but the government is managed in such a way that poverty is in ascendency.’’

NIMASA denies allegation

However, hours after the allegation was made by Falana, the spokesman of NIMASA, Osagie Edward, faulted the comment, describing it as false. 

He maintained that the NIMASA did not acquire any property in England, adding that the agency has not acquired any property outside the country in over 30 years. 

  • Osagie in a statement said, We wish to state that there is no truth in the allegations, as NIMASA did not acquire any property in England, as claimed by Femi Falana.
  • “Furthermore, the Agency has not acquired any property in any foreign country in over 30 years.
  • “While we respect the views of the learned silk on public matters, NIMASA demands that he takes responsibility and retract this false claim.
  • “We also use this medium to caution that he and other members of the public should verify their facts before going public with any information. The public is hereby advised to disregard the statement by Femi Falana SAN.”

What you should know 

In another development, Falana, who had been very critical of the Central Bank of Nigeria (CBN)’s policy on the float of the naira, said he has taken the apex bank to court over the action which he described as illegal. 

He stated that the CBN act made it compulsory for the apex bank to fix the exchange rate. 

Falana, who insisted that there is no provision for floating the naira, noted the decision to allow the value of the naira to be determined by market forces is not backed by law. 

Falana argued further that as long as government officials are not prepared to strengthen the naira and make it the only legal tender in Nigeria, “we’re not going to go far”.  

Advertisement
NewsOnline Nigeria

Recent Posts

  • Crime Watch

BREAKING: Popular Catholic Priest Kidnapped In South East (PHOTOS)

A popular Catholic Priest has been kidnapped in the South East.   NewsOnline Nigeria reports…

21 hours ago
  • Top Stories

UK Conservative Party Leader Kemi Badenoch Snubs Tinubu Government

UK Conservative Party Leader Kemi Badenoch has reportedly snubbed the Tinubu Government.   NewsOnline Nigeria…

21 hours ago
  • Economy And Business
  • Headline

BREAKING: Dangote, Marketers Fight Dirty Over Plots To Monopolize Oil Sector

Dangote and marketers fight dirty over alleged plots to monopolize the oil sector.   NewsOnline…

21 hours ago
  • Exchange Rates

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th November 2024

The black market dollar to Naira exchange rate on Thursday 7th November 2024 can be…

21 hours ago
  • Economy And Business
  • Headline

BREAKING: Father Mbaka Breaks Silence Over Famine, High Cost Of Living

Father Mbaka has reacted to the famine and high living costs in Nigeria.   NewsOnline…

21 hours ago
  • Headline
  • World

BREAKING: President Trump Vows To Carry Out Largest Deportation In History

President Trump has vowed to carry out the largest deportation in history from his first…

22 hours ago