NANS urges CBN to checkmate banks on abuse of Form A Option, ridiculous rate of Forex

The National Association of Nigerian Students (NANS) has sent a Save Our Souls (SOS) to the Central Bank of Nigeria (CBN), urging it to checkmate the activities of banks over the abuse of Form A Option and the ridiculous rate of FOREX.

It said that many Nigerian students in the Diaspora had come under embarrassment, attack and humiliation by the actions and inactions of Nigerian banks owing to the way Form A payment application is being utilised.

This was contained in a statement signed by NANS Vice President, External Affairs, Babatunde Afeez Akinteye and made available to The Guardian in Ibadan, the Oyo State capital.

Akinteye, who said it was high time everyone came together to give the menace a lasting solution once and for all, said: ‘’Many Nigerian students in the Diaspora have come under colossal embarrassment, attack and humiliation by the actions and inactions of Nigerian banks owing to the way the Form A payment application is being utilised. It’s high time that everyone concerned came together to give the menace a lasting solution once and for all.

“We hereby call on the CBN to be more proactive to checkmate the activities of Nigerian banks in the abuse of the Form A option and the ridiculous rate of Forex. The CBN may also design another application through which the Nigerian students can make payments easily and affordably. This will go a long way in curbing the incessant rate of dismissal and deportation of Nigerian students from their various institutions abroad.”

“We also call on the Nigerians In Diaspora Commission (NIDCOM) to help reach out to CBN and engage them meaningfully to help save the souls of the Nigerian students studying abroad. We also call on the Ministry of Foreign Affairs to intervene on behalf of the Nigerian students and take drastic measures to put a stop to this threat.

‘’Lastly, we call on concerned Nigerian students studying abroad to always speak out as soon as they can whenever issues like this pop up before it leads to dismissal or deportation.”