Following the Central Bank of Nigeria’s resumption of foreign exchange sales, 5,180 Bureau De Change operators received $10, 000 dollars each, yesterday.
The CBN had earlier announced it would commence sales of foreign exchange to BDCs, Monday, as part of efforts to enhance accessibility to foreign exchange.
However, the effect of the forex sale resumption was yet to be felt as naira exchanged to the dollar on the parallel market at N430 to the dollar, Monday.
According to the President, Association of Bureaux De Change Operators of Nigeria, Alhaji Aminu Gwadabe, all the 5,180 BDCs had funded their accounts with naira and would be paid $10,000 each.
He said that about 5,120 BDCs had been paid even though the payment started a bit late.
He said, “Each one got $10,000. We expect all the BDCs to get because we have about 5,180 BDCs that have funded their accounts.”
According to him, only about 100 to 150 members who were having issues of suspension may not get paid.
Gwadabe commended the apex bank for the resumption of dollar sales to BDCs.
He urged BDC operators to reciprocate the gesture of the CBN by ensuring strict compliance with all regulatory requirements.
The ABCON president charged the BDC operators to avoid any transaction not within the scope allowed by the apex bank so as to avoid sanctions.
The Director, Corporate Communications Department at the CBN, Isaac Okorafor, had earlier, assured that those requiring foreign exchange for purposes of travel, educational fees and other invisibles could obtain such over the counter from their respective banks.
