Francis Sardauna in Katsina
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has said the apex bank is currently gathering data about, and investigating the accounts of individuals and corporate organisations involved in smuggling and dumping textile materials into Nigeria.
Emefiele warned that after the investigation, the names of the individuals and companies involved would be publicised, stressing that persons or organisations found culpable would be blacklisted and all the banks in Nigeria shall be barred from conducting any banking business with the companies, their owners and top management.
The CBN governor said this yesterday when he launched the commencement of the distribution of cotton seeds and other inputs to over 100,000 cotton farmers in Katsina State for the 2019 farming season, with the aim of reviving Nigeria’s cotton, textiles and garments sector and also increasing cotton production from 80,000 tonnes…
