No comprehensive list of revoked BDC licences – Gwadebe

President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadebe, has revealed contrary to reports, the Central Bank of Nigeria is yet to come out with its comprehensive list for BDC operators in the country.

Gwadebe stated this while reacting to reports of revocation of licenses of 2,698 BDC operators by the CBN.

He said, “The CBN has yet to come out with their comprehensive list. Yes, CBN is reviewing the BDC register with a view to reducing the number but as of now, there is no official list that proscribes or says these are the licensed or unlicensed. So the statuesque remains the same.’’

The ABCON president said the association had engaged with CBN and had been advised to sensitise its members to know the conditions guiding their operations and their obligations which was to render returns to CBN.

Recall that BDC operators had earlier last month advocated for increased participation and involvement in the foreign exchange market to ensure the success of the new exchange rate policy implemented by the Central Bank of Nigeria (CBN).

They expressed dissatisfaction with the CBN’s decision to abolish segments of the official forex market in favour of the I&E window, where the “willing buyer and willing seller” approach was reintroduced.