CBN Governor, Sanusi Lamido
The Central Bank of Nigeria said on Wednesday that it would, from next Monday, withdraw the licences of all class A Bureau de Change operators in the country.
The withdrawal, according to the apex bank, is part of measures to stem the gross abuses of the enhanced ‘Class A’ Bureau de Change in line with its avowed commitment to eradicating money laundering.
The CBN had on February 26, 2009, restructured the BDCs into categories A and B in order to further liberalise the foreign exchange market and enhance its allocative efficiency.
The main objective was to facilitate end-user access to foreign exchange supply from official sources in order to boost economic growth by promoting productive efficiency of small and medium-scale enterprises.
Read More:http://www.punchng.com/Articl.aspx?theartic=Art201011041425331
No comments:
Post a Comment