• Thursday, March 28, 2024
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BDC operators embark on crisis resolution

BDC operators embark on crisis resolution

Bureaux de Change (BDC) operators are on top gear to resolve the lingering leadership crisis in their association.

Rising from a stakeholders meeting of Association of Bureaux De Change Operators of Nigeria (ABCON), South West zone, the operators adopted four resolutions aimed at restoring peace to the association.

Since last year, some members of the association’s board of trustees and the executive council have been locked in legal battles that have grounded its operations.

But on Tuesday last week, some concerned BDC operators, under the aegis of BDC Stakeholders Committee in South West, convened a stakeholders meeting of BDCs in the South West zone in Lagos.

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Addressing the meeting, Abdul Rasheed Amao, CEO, A&S BDC, and a member of the stakeholders’ committee, said the leadership crisis had denied BDC operators of a voice to speak on their behalf at a time such voice was needed most. He said the meeting was convened to allow BDC operators brainstorm on the way out of the leadership crisis.

Consequently, BDC operators at the meeting considered four resolutions for adoption. Thereafter, Mojisola Adesanya of Anchoria BDC moved the motion, calling the warring members of the board of trustees and the executive council to withdraw the court case at the Supreme Court and settle amicably.

The motion was seconded by Okai Agare of Green House BDC. The second resolution was moved by Prince A. Ajayi  of Double K BD and seconded by  Ndubisi of All Saints BDC. The resolution called for an emergency general meeting of all stakeholders nationwide.

This was followed by another resolution by Benjamin Oje, seconded by Ken Ajurichi, mandating the stakeholders committee to develop the agenda of the proposed EGM. The fourth resolution mandated the stakeholders committee to meet with Bamidele  Adiesa, pioneer chairman, board of incorporated trustees, other members of pioneer board of trustee and four members of stakeholders committee to resolve the lingering issue.  The motion for the resolution was moved by Osita and Engineer Nze.

The resolutions were adopted via a voice vote by all BDC operators that attended the meeting. The stakeholders meeting also resolved to checkmate the falling fortune of the naira  in support of the monetary policies of the CBN. Further, the operators expanded the membership of the stakeholders committee from seven to 11.

Members of the Committee are: Abdul Rasheed Amao of A&S BDC; Moses Ebitu of Mat-Arni BDC; Ibrahimm Alli of Seabril BDC; Nduka Vincent of Agnus Dei BDC; dDeyiga Samson of Stand-Out BDC; Abubakar Mohammed of Forward Marketing BDC; Eyinla Emilia of Aexel BDC; Onyema Esther of Coolsworth BDC;