December 4, 2022

Ecobank Nigeria sets for full implementation of forex


The leadership of Ecobank Nigeria has announced the readiness of the bank to fully implement the new foreign exchange as directed by Central Bank of Nigeria (CBN).

Just as the bank assured customers that the it has put in place every arrangement for the implementation.

The Managing Director, Patrick Akinwuntan who made this known said  
the bank has been sending email to its customers to indicate that all its branches had been put on notice to ensure smooth FX sales to eligible Ecobank customers and non-customers. 

According to Ecobank all relevant staff, especially the Tellers have been well trained on strict adherence to the drive by the CBN to ensure availability, access, and efficient handling of all FX transactions.

Akinwuntan reassured customers that  Ecobank remains a one stop shop for all FX needs particularly for PTA, BTA, School fees, Medical bills, Mortgage payments and remittances, stressing that all customers with genuine documents and complying with the FX regulations will be well served by the Bank .

“I wish to assure our customers that there are no worries. Walk into any of our branches nearest to you and access FX once you have genuine documents, legitimate needs and meet the other requirements.

“We have staff dedicated to handle and meet your foreign exchange needs. From Personal and Business Travel Allowances to tuition and medical payments. Be rest assured, Ecobank has got your back.”

It would be recalled that CBN Governor, Godwin Emefiele on Tuesday announced the ban of FX sale to Bureau De Change (BDCs) while briefing newsmen at the end of a two-day meeting of the Monetary Policy Committee (MPC) in Abuja.

He directed all commercial banks to immediately create designated desks in their branches for the sale and disposal of FX to eligible customers for legitimate purposes.

The apex bank governor said the bank would now channel weekly FX allocations, hitherto meant for BDCs, to commercial banks.