Nigerian Activist Accuses IMF and World Bank of Sabotaging Currency Swap with China

Human rights activist and lawyer Femi Falana has accused the International Monetary Fund (IMF) and the World Bank of sabotaging the currency swap between China and Nigeria, claiming that they are perpetuating the dominance of the US dollar in Nigeria. Falana has also accused the Nigerian federal government of continuing to dollarize the economy while other nations are promoting their own currencies. Falana's claims follow revelations that Nigeria's currency swap agreement with China has not benefited Nigeria and that the trade imbalance between the two countries is one of the reasons the swap arrangement failed.

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