Nigeria [Video] Nigerian Banks and Binance Under Fire, Accused of Economic Criminality

Ayo Oyalowo, on Channels TV, asserted that the government should oust "criminals" managing certain banks to address the Naira's decline.

He emphasized restructuring banks before targeting Bureau de Change operators (BDCs), implying that banks, allegedly hoarding dollars, contribute to the currency's depreciation.

Oyalowo proposed a dual strategy of purging banks of alleged wrongdoers and subsequently addressing BDC activities under the tree.

The commentary suggests a call for systemic reforms to stabilize the Naira's value, focusing on internal issues within the banking sector.