Suspected bank hacker, BDC operators nabbed over N1.868bn scam
A suspected hacker, Femi Salau, has been arrested by the police Special Fraud Unit in Lagos State for allegedly hacking into the system of a first generation bank to defraud it…
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BDC Operator Yakubu arraigned for alleged N197m fraud in Kano
The Kano Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Wednesday arraigned Yusuf Yakubu before Justice Sanusi Ma’aji of the Kano State High Court on a one count…
CBN to refund deposits to BDC promoters
Sequel to the decision of the Central Bank of Nigeria to stop the licensing of Bureau de Change operators, the apex bank has announced that it will commence the immediate…
THE INSIDER: CBN allocated $5.7bn annually to BDCs amid plunging reserves
At the end of the monetary policy committee meeting in Abuja on Tuesday, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), announced the discontinuation of foreign exchange…
‘They’ve turned into money laundering agents’ — CBN bans sale of FX to BDCs
The Central Bank of Nigeria (CBN) says it has stopped sale of foreign exchange (FX) to Bureau De Change (BDCs) operators in the country. Godwin Emefiele, governor of the…