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The Central Bank of Nigeria has identified that $2.4 billion out of the reported $7 billion outstanding foreign exchange liabilities of the federal government are not valid for settlement. According to Deloitte’s report, up to $2.4 billion of the reported backlog consists of false claims.Cardoso said that CBN has settled about $2.3 billion of the FX backlog.Cardoso acknowledged there’s about $2.2 billion left to be settled.Central bank governor Yemi Cardoso revealed this information on Monday in an interview with Arise TV, stressing that these invalid claims have exerted pressure on the naira …

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