Thursday, December 24, 2015

NEWS: Ben Bruce Slams New CBN Order

Outspoken Senator Ben Murray Bruce has reacted to the decision of the Central Bank of Nigeria (CBN) to stop customers from using their debit and credit cards abroad.

Ben Murray-Bruce
Ben Murray-Bruce.

The CBN ordered all commercial banks not allow Nigerans to use their naira-denominated credit, debet and ATM cards for transactions that are denominated in foreign currencies, either locally or when they travel abroad.

In his reaction, the senator described the reports of Nigerians running to Cotonou and Ghana to open accounts as very disturbing.

He also asked if the CBN had thought of the implications the order will have on small and middle scale businesses.

The Senator posted the reaction on his Facebook page.

He said: “This news of Nigerians running to Cotonou and Ghana to open accounts because Nigerian ATMs aren’t working abroad is very disturbing.

“Have we considered the impact on the economy and employment if Small and Medium Scale businesses cant use their ATM cards abroad and online?


“My name is Ben Murray-Bruce and I just want to make ‪#‎Commonsense‬!”




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