A House of Representatives member, Ibrahim Babajide Obanikoro, has suggested the Central Bank of Nigeria forcibly shut down domiciliary accounts bearing foreign currencies to regulate the continuous fall of the naira.
Mr Obanikoro, currently serving the Eti-Osa Federal Constituency of Lagos State, made this suggestion on Tuesday on Twitter.
The Naira has continued to depreciate despite questionable policies enforced by Governor Godwin Emefiele of the CBN to mitigate its freefall.
Recall in July, Mr Emefiele halted sales of forex to Bureau De Change (BDCs) operators across the country indefinitely.