Lagos State government has accused its senior officials who travel abroad of procuring their foreign exchange requirement through the black market.
In a circular No 238, titled "Purchase of Foreign Eexchange," issued by Lagos State Head of Service, Alhaji Yakubu Balogun, government said it "observed that in most cases when some senior government officials and other senior members of staff had cause to travel abroad on official assignments, they procure their foreign exchange requirement from unapproved sources."
The two-page circular dated September 24, 2007, copies of which were sent to the state Deputy Governor, Speaker of the State House of Assembly, Commissioiners and Secretary to the State Government among others, said, "Governor Babatunde Fashola has, therefore, advised the officials who are in the habit of procuring forex illegally to henceforth procure their foreign exchange directly from banks or licenced bureaux de-change."
"The governor's advise was informed by the need to prevent any embarassment for the officials and the state government, because of the risk of purchasing counterfeit notes.
"In addition, any top government official carrying more foreign exchange than the legal limit must declare such at the port of exit and entry", the circular added.
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