The Association of Bureau De
Change Operators of Nigeria has said the Central Bank of Nigeria will soon
resume dollar sale to its members, urging them to avoid hoarding of the
greenback, among other malpractices.
The CBN had on January 11,
2016 stopped the dollar sale to the BDC operators in a bid to reduce pressure
on the naira, saying they had become a conduit for illicit cash flows.
In a text message sent to ABCON members on
Tuesday and seen by PUNCH, the President, ABCON, Alhaji Aminu Gwadabe, said,
“Following the outcome of a just-ended peace talk with the CBN, ABCON
leadership wishes to assure you that sales of dollars to the BDCs will resume
very soon.
“Once again, you are urged
to avoid hoarding, speculation and all other unethical practices. Please,
render your returns accordingly.”
When contacted for comments,
the CBN spokesperson, Mr. Isaac Okoroafor, told PUNCH that he was not aware of
any planned resumption of forex sale to the BDCs.
Following the floating of
the naira and the adoption of a single structure through the
interbank/autonomous window, ABCON had last week called on the central bank to
grant it the licence to operate as a primary dealer in the new interbank
foreign exchange market.
The ABCON president said as
a major and critical stakeholder in the forex business, it would be against the
standard business practice to exclude the BDC operators from the workings of
the new CBN forex policy.
He said such licence would enable the BDC
operators to access Diaspora remittances estimated at $21bn annually and by
extension, deepen dollar liquidity in the system.
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