4,173 Bureau De Change The Central Bank of Nigeria, CBN, has revoked the license of 4,173 Bureau De Change, BDC, operators.
CBN decided on economic reforms by the CBN on the directives of President Bola Ahmed Tinubu.
A statement released by the CBN revealed that the 4,173 BDC operators' licenses were revoked because the operators failed to observe at least one of the CBN regulatory provisions.
The regulatory provisions include payment of all necessary fees, including license renewal, within the stipulated period in line with the guidelines; Rendition of returns in line with the guidelines, and compliance with the guidelines, directives, and circulars of the CBN, particularly, Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Counter-Proliferation Financing (CPF) regulations.
The full list of the Bureau De Change, BDC, operators whose licenses were revoked are listed below:
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Category: World-News
Tag: Full List of All 4173 BDC Whose License Were Revoked by CBN Amidst Economic Reforms
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Published 3/2/2024 11:15:28 AM