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Ex-ANAN president lauds CBN for revoking 4,173 BDC licences

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2 months ago

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Dr Samuel Nzekwe, a former President of Association of National Accountants of Nigeria (ANAN), has commended the Central Bank of Nigeria (CBN) for revoking the operational licences of 4,173 Bureaux De Change operators.

Nzekwe made the commendation while speaking with our correspondent on Monday in Ota, Ogun.

NEWSVERGE reports that the CBN on Friday revoked the operational licences of 4,173 BDC operators.

Nzekwe said that the apex bank’s decision to revoke the BDC licences was a good development as this would help to check the manipulations in the foreign exchange.

He noted that the BDCs in other climes were meant for light travellers but the reverse was the case in Nigeria.

“The BDC operators are part of the problems of the country as they have bastardized the foreign exchange policy,” Nzekwe said.

The ex-ANAN president stressed the need for adequate monitoring of BDCs operation by the CBN.

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Ige Adekunle

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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