CBN to sanction BDCs for non-submission of audited financial statements

…Operators seek more time to comply

The Central Bank of Nigeria (CBN) on Monday threatened to sanction Bureau De Change (BDC) operators who fail to submit their audited financial statement. Section 13 of the revised operational guidelines for the BDCs in Nigeria issued in November 2015 provides that every licensed BDC shall submit its audited financial statement to the director, Other…

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