The Central Bank of Nigeria (CBN) has announced that it would no longer sell foreign currency to Bureau De Change (BDC) operators in the nation.

This was revealed by the apex bank’s governor, Godwin Emefiele, at the conclusion of the monetary policy committee’s meeting in Abuja on Tuesday.

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According to Emefiele, BDC operators have become a conduit for unlawful financial flows, collaborating with corrupt individuals to undertake illicit flows and money laundering in Nigeria.

More details later…

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