CBN stops sale of FX to BDCs

 


The Central Bank of Nigeria (CBN) says it has stopped forex sales to Bureau De Change (BDC) operators in the country.

Godwin Emefiele, governor of the apex bank, announced this at the end of the monetary policy committee’s meeting in Abuja on Tuesday.

Emefiele said BDC operators have become a conduit for illegal financial flows colliding with corrupt people to conduct illicit flow and money laundering in Nigeria.

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