Read What Basket Mouth Said About Latest CBN Transfer Policy

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Popular Nigerian comedian Basket Mouth took to his social media to air out his mind on the recent Central Bank of Nigeria, CBN to grant access to Western Union, Money Gram and Ria Money Transfer.

He wrote: 

"CBN agrees exclusive deal with Western Union, Money Gram and Ria Money Transfer to stop all Nigerian money transfer businesses and ensuring all worldwide transfers go through only these 3 American companies in and out of Nigeria.

This senseless money transfer deal to Nigeria is what has caused the recent spike in FX rates. I hear FX will be £1 to N700 and $1 to N550 in the next couple of days

I wonder which planet #CBN is on, when you give a whole country’s source for foreign currency to just 3 foreign companies and think it is sensible."

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