Folashodun Shonubi
CBN Acting Governor
… says BDCs reduction report, not true
By Isaac Daniel
The Central Bank of Nigeria (CBN), has announced that they will soon release the authentic, updated and approved full list of licensed Bureau De Change (BDCs), operating in the country, in her ongoing efforts to sanitize the financial sector
.CBN’s Director of Corporate Communications, Isa Abdulmumin disclosed this to newsmen through his regular press briefing.
He remarked that the current report in circulation about the revocation of operating licenses of 2,698 BDCs is false.
CBN said some reports said that it has withdrawn the license of 2,698 BDCs as it published a list of approved operators which saw a reduction in the total number of approved BDC to 2,991. It noted that in their last publication of the list of approved BDCs, on December 31, 2021, the number of operators stood at 5,689.
Responding to the development, Aminu Gwadabe, National President of Association of Bureau De Change Operators of Nigeria (ABCON), said, “it is fake news at the moment”.
However, he said the CBN is updating their BDCs register based on compliance criteria in obligations of BDCs return renditions and annual fees payments.
“I, therefore, advise my members to comply and avoid unnecessary sanctions and exclusion of their licenses,” he said.
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