Yemi Alade slams CBN Over US Dollar Restrictions

    Nigerian Singer and songwriter, Yemi Alade has called out The Central Bank of Nigeria over their new restrictions on Usd deposits.

    Yemi Alade slams CBN Over US Dollar Restrictions
    Yemi Alade slams CBN Over US Dollar Restrictions

    In a series of tweets Yemi Alade made on the 16th of March, she bitterly lamented how the changes made by CBN are affecting the poor and have made life unbearable for many.

    She states that the new restrictions have made it difficult for businesses in Nigeria to run smoothly as most of the products sold in Nigeria are imported from other countries.

    According to the ‘True Love” crooner, CBN has diverted attention from its core values and has focused primarily on cash dollar deposits and money laundering. She slammed their actions and asked them to do right by the people.

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    Yemi Alade

    “CBN REALLY NEEDS TO CONSIDER THE ORDINARY MAN IN NIGERIA! All the new restrictions on Usd deposits is affecting a lot 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

    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.

    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

    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”


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