PATRICK ABANG, Calabar –
The Vice Chairman Association of Bureau De Change Operators of Nigeria (ABCON) Cross River State Chapter, Alhaji Abdulahi Ibrahim has said the decision by the Central Bank of Nigeria (CBN) to ban BDC operators from accessing Foreign Exchange (forex) trading should be reviewed.
Alhaji Abdulahi, who is also the Managing Director of Shanono Nigeria Ltd, disclosed that the action would further worsen the Nigerian economy.
Reacting on the recent ban by the Apex Bank, he said the move if not reviewed immediately Would bring untold hardship on families who depends on forex trading to earn their living.
He said though they are some bad eggs in the system like in every other profession, this blanket ban by the CBN is totally unfair treatment as many families would loose their livelihood.
“As a body of professional we are working hard to sanitize the system, instead of the ban, let them increase the price and give us the dollar because it will cause job losses to our members Nation wide”
He, however, appealed to the CBN to rescind it decision on its members as the policy is not in the interest of the Nigerian economy.