By Udora Orizu Ethnic Youth Leaders and African Centre for Justice and Human Rights (ACJHR) have lauded the decision of the Central Bank of Nigeria (CBN) under the leadership of its Governor, Godwi…
Ethnic Youth Leaders and African Centre for Justice and Human Rights have lauded the decision of the Central Bank of Nigeria under the leadership of its Governor, Godwin Emefiele, to stop the sale of forex to Bureau De Change operators in the country.
Speaking on behalf of the groups at a press briefing in Abuja, the President Middle Belt Youth Forum, Comrade Meliga Godwin, while describing the initiative as a welcome development, said the operators were making excessive profits from the allocations they get weekly from the CBN to the detriment of the people.
He explained that the ban did not stop the operations of the BDCs; but only means that operators will have to source forex from other suppliers but not the Central Bank.
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