Daily Trust reports that approximately 3,600 bureau de change operators may lose their registration as the Central Bank of Nigeria’s (CBN) deadline for recapitalization has passed.
This aligns with the confirmation from the Association of Bureau De Change Operators of Nigeria (ABCON) that the CBN’s June 3 recapitalisation deadline for Bureau De Change (BDC) operators is still sacrosanct.
This means that over 3,600 operators might lose their registration, going by the revelation by the ABCON President, Dr Aminu Gwadabe, that only about 10 per cent of the 4,000 registered members have complied.
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