‘’ We Wish To State Very Categorically That UBA Has Completely Remitted All NNPC/NLNG Dollar Deposits’’ Financial Institution Reacts To Issue In Reports Of Ban By CBN From Foreign Exchange Market

Financial Institution, United Bank For Africa has reacted to the main issue contained in reports of its ban from foreign exchange transactions by the Central Bank of Nigeria.

The bank’s reaction is

contained in the press statement reproduced

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.

Charles Aigbe
Head, Corporate Communications
UBA Plc,
Lagos.