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Company demands N2.2bn from CBN over ‘harmful’ Forex policy

Akin Kuponiyi A Lagos-based oil trading firm Stallionaire Nigeria Limited has dragged the Central Bank of Nigeria, (CBN), before a Federal High Court sitting in Lagos, alleging that it incurred a huge financial loss due to what it described as harmful foreign exchange policies by the apex bank. Consequently, the company is demanding for the sum of N2, 203,964,065.36 as general damages from the loss it said it suffered from the forex policy of the apex bank.

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