Nigerians have expressed strong disapproval in response to a viral video showcasing Wigwe University in Rivers State charging its students in dollars.
The private institution allegedly owned by Herbert Wigwe, the CEO of Access Bank Plc, has ignited public outcry.
One concerned citizen highlighted the contradiction with the CBN Act of 2007, emphasizing the legal tender status of the Nigerian currency for transactions within the country.
Advocates for swift action are urging the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to intervene promptly.
They connect this issue to broader concerns about economic practices affecting ordinary citizens, calling for a crackdown on what they describe as economic ‘predators’ and ‘vampires.’
The plea extends to aligning with the vision of a #RenewedHope for Nigeria, as advocated by President Bola Tinubu, GCFR, emphasizing the need for positive change and a commitment to the welfare of the nation’s populace.”
Kofoworola Ogunaike said, “I am always left angr# when agencies empowered by law to enforce compliance begin to dish out warnings to erring organization.
“If you have observed those pricing their goods in dollars, who have the audacity and guts to have a website asking people to pay for services in dollars or any foreign currency, or any other organization doing such, why issue a letter? Why warning them?
“We can as well warn armed robbers with a letter instead of putting them where they belong.
“On top of all the foreign exchange wahala, instead of exporting our education and earning more foreign currency, these ones are putting undue pressure on our forex.”
An inquisitive citizen pressed on, stating, “Mr. Wigwe is merely one among numerous local corporate entities conducting transactions in USD within Nigeria, a practice that contradicts the CBN Act of 2007.”
The Act explicitly mandates that “the currency notes issued by the Bank shall serve as the legal tender in Nigeria for the settlement of any sum.”
Moreover, the provision warns that “any individual(s) found violating this stipulation commits an offense and, upon conviction, may face a specified fine or a 6-month imprisonment.”
