Ex-minister condemns DSS raid on BDC operators
The DSS raid took place on November 10, and resulted in the arrest of operators who were selling the dollar at any price above N400.
The DSS raid took place on Thursday, November 10, and resulted in the arrest of operators who were selling the dollar at any price above N400.
Ezekwesili made the comment on Monday, November 14, via Twitter and urged the government to review its economic philosophy.
“The immediate impact of a forceful "law&order-type" intervention of DSS in Forex market is NOT sustainable & will drive market UNDERGROUND,” she wrote.
ADVERTISEMENT
“There is a reason for the Economic idiom -- "You cannot eat your cake and have it". Our Forex policy & management needs to lean on this.
“I wonder @ what stage the Federal Government will admit that something is unhinged in its mostly Statist Economic Philosophy? #NotWorking,” she added.
The DSS raid is believed to be an attempt by the government to regulate a foreign exchange crisis that seems to be spiraling out of control.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
ASUU faction dissociates self from UniAbuja strike, says cabal behind action
Nigeria’s economy to experience significant growth soon – Shettima
Businesses grounded in Maiduguri fish market as traders revolt against leaders
Slain NYSC member's brother petitions House of Reps, insists deceased not cultist
Police arrest over 50 suspects after brutal clashes at Ile-Epo, Lagos
Our government won't blame Buhari for any failure - Shettima
Gov Eno donates 20 patrol vehicles to boost security, protect residents
FG begins 'School-to-Work' to help youths identify life-long skills early
Bandits 'doctor', masterminds of Greenfield University attack, others arrested
ADVERTISEMENT