He stated this on Friday after the Monetary Policy Committee (MPC) meeting which was held in Abuja.
Emefiele said the CBN remains the only national bank in the world that takes dollars from her nation’s reserve and sell to Bureau de Change operators in the market.
He reiterated the Bank’s determination to eliminate activities of illegal FOREX traders in the country.
“Nobody ever mentions the rate of Bureau de Change in the city of London. It really beats my imagination that Nigeria carried on with this kind of practice that tended to support illegal activities of people who are involved in graft and corrupt practices.
“We have supported the activities of those who illegally buy foreign exchange from this illegal market, carry them in aircraft out of the country and go to buy arms and ammunition and bring them into the country to commit crimes.
“We, the Central Bank, take our country’s dollars and sell to people to buy arms and ammunition to come and hurt us. That is what we are saying that people want us to do, we cannot do that any longer”, Channels Television quoted the CBN governor to have said.