Reacting to claims that they have been banned from the foreign exchange market by CBN, the United Bank for Africa, UBA, made it clear that they have remitted all NNPC/NLNG dollar deposits.
In a press statement issued by the bank’s corporate communications head, Charles Aigbe, on Tuesday night iy stated that:
Our attention has been drawn to report of the ban of UBA from the foreign exchange market by the CBN over the non-remittance of NNPC/NLNG dollar deposits.
We wish to state very categorically that UBA has completely remitted all NNPC/NLNG dollar deposits.
We thank all our numerous customers, business partners and other stakeholders who have reached out to us on account of this report.