Nigeria Federal Government has denied report on plans to convert ,$30Billion domiliary deposit into naira.
This is even as it described the report as economic sabotage. 
There had been a media report on Saturday Media were awash with the report that Federal Government has concluded every arrangement to convert the said accounts into naira.
In reacting to the said report, the Coordinating Minister of Economy, Wale Edun, in a statement on Saturday, revealed that such reports were false and misleading. 
According to Edun: “There is no iota of truth in the claims of Punch Newspaper that the Federal Government plans to convert foreign exchange in depositors’ domiciliary accounts to naira. 
“The publication of such falsehood at a time when the government is working  to restore economic stability and confidence in the national currency is tantamount to economic sabotage. 

“For the avoidance of doubt, I emphasise that depositors’ foreign currency in their domiciliary accounts will not be converted to naira.”the Minister said.

Read Also: Naira Fall: FG Moves To Convert $30b Domiciliary Deposit To Naira

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