The Central Bank of Nigeria (CBN) Governor, Dr. Olayemi Cardoso, talk say about $2.4 billion out of the $7 billion foreign exchange backlog wey e meet when e resume office, na from entities wey no even dey exist. E also mention say some of the requests no get import documents and other infractions.

Cardoso talk this one for one interview wey e do to address concerns about the recent ups and downs for the currency market.

E talk say the CBN bin hear say the obligations na approximately $7 billion, and dem start to pay with the little resources wey dey available, thinking say the payments dey valid and due.

E talk say the process go take time before e go show effect, but dem dey try their best to stabilize the naira.

This fit be part of the measures wey the CBN dey take to ensure say the foreign exchange system dey well-regulated and free from abuse.