Posted on: 01:05 Sun, 27 Dec 2015



Senator Ben Murray Bruce has reacted
to the Central Bank of Nigeria’s
decision to ban Nigerians from using
their debit and credit cards abroad.

Reports about the planned ban came
to light few days ago when BBC
quoted a source as saying that the
CBN will from January 1st 2016 stop
foreign purchase via the use of credit
or debit card. The decision is
reportedly part of the government’s
effort to try to stem the flow of
foreign exchange out of the country.

The CBN has also reportedly written
to various commercial banks about
this decision while some banks have
also notified their customers, saying
it is a temporary measure. Sen. Ben
Murray-Bruce however thinks this
decision is not a wise one.

His reaction below:-