A group - Nigerian Wailers has condemned in what it termed, " conflicting and unclear monetary policies , '' by the central bank of Nigeria
thereby unleashing severe hardship and misery on the people.
It said, the policy which involves sharp practices in Forex tradings sees the apex bank selling the Dollar at a cheaper rate to the Federal government, some few politicians and some rich cabals who in turn sell at the black market at highly exorbitant rates of N500 to $1 , a development among others, it said have led to inflation in the country.
In a statement signed by both its convener, Adeyanju Deji and co-Convener, Adeoye Adelaja it said that its members and other well-meaning Nigerians would be embarking on a peaceful procession tagged, OCCUPYCBN, on Friday the 13th of January 2017 to condemn the illegalities at the apex bank which have dealt a heavy blow to the Naira, bringing it to an all-time knee-level of exchanging at N500 to $1, a situation that has further impoverished especially the poor citizens of this country.
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