Operators of Nigeria and therefore out of the orbit of regulators.
“The CBN guidelines are clear regarding returns by BDCs, but how many of them do this,” he asked.
Other discussants in the programme which includes Director of Monitoring Policy Department of Central Bank of Nigeria, CBN Dr. Hassan Mahmud, President, Association of Bureau De Change of Change Operators of Nigeria, Dr. Aminu Gwadebe, a finance and investment analyst, Niyi Akinsuji and a commentator on financial issues and Managing Director of Timeline Consult, Shuabu Idris in their respective contributions identified the issue of Nigeria being an import driven economy ,lack of adequate penalty, shortage of trained manpower, and identification of what truly constitutes ‘black market’ beyond the institutional banking system as some of the problems bedeviling the fight against foreign exchange malpractice in Nigeria.
