The Central Bank of Nigeria has revoked the licenses of 4,173 Bureaux De Change Operators for failing to comply with regulatory provisions. The affected institutions did not pay necessary fees, renew their licenses on time, submit required returns, and adhere to anti-money laundering regulations.
The Central Bank of Nigeria has revoked the licenses of 4,173 Bureaux De Change Operators for failing to comply with regulatory provisions . The affected institutions did not pay necessary fees, renew their licenses on time, submit required returns, and adhere to anti-money laundering regulations . The bank stated that this action is in accordance with the Bank and Other Financial Institutions Act and the Operational Guidelines for Bureaux De Change.
The list of affected operators can be found on the CBN website
Central Bank Of Nigeria Licenses Revoked Bureaux De Change Operators Regulatory Provisions Fees License Renewal Returns Anti-Money Laundering Regulations
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