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
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.
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”.
A popular Catholic Priest has been kidnapped in the South East. NewsOnline Nigeria reports…
UK Conservative Party Leader Kemi Badenoch has reportedly snubbed the Tinubu Government. NewsOnline Nigeria…
Dangote and marketers fight dirty over alleged plots to monopolize the oil sector. NewsOnline…
The black market dollar to Naira exchange rate on Thursday 7th November 2024 can be…
Father Mbaka has reacted to the famine and high living costs in Nigeria. NewsOnline…
President Trump has vowed to carry out the largest deportation in history from his first…