by Azeez Adeniyi
The House of Representatives on Tuesday took the decision to probe foreign schools in Nigeria collecting fees in foreign currency.
The motion was filed by Rep. Emmanuel Agboola (Ekiti-PDP) and 14 others.
Agboola said the Central Bank of Nigeria had on April 2015 issued a circular on “Currency Substitution and Dollarization of the Nigerian Economy” to reform the currency regulations.
He said the apex bank had
made it illegal to price or denominate the cost of any product or service in any foreign currency in Nigeria other than the Naira.
He added that theAmerican International School, Abuja was charging school fees in United States dollar.
He said the use of the parallel market rate to determine the amount of fees to be collected in Naira entails that parents pay school fees at different rates.
“This depends on the rate in the black market and as such, parents of children in the same class end up paying different fees for their wards, depending on the day the payment was made,” he said.
The motion was unanimously adopted by members through a voice vote.
Deputy speaker, Yussuff Lasun said it should be investigated and referred the motion to the Committee on Basic Education.
