LASG HOSTS Y2024 WOMEN'S ASSEMBLY TO EMPOWER, CELEBRATE WOMEN. (PHOTO). #PRESS RELEASE.

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 LASG HOSTS Y2024 WOMEN'S ASSEMBLY TO EMPOWER, CELEBRATE WOMEN Lagos State Governor, Mr. Babajide Sanwo-Olu, has reaffirmed his administration's commitment to advancing and empowering women, describing them as the pillars of communities, contributing in numerous ways as mothers, entrepreneurs, educators and leaders.  Governor Sanwo-Olu stated this in his keynote address at the 2024 Women's Assembly for Local Government and Local Council Development Areas organised by the Ministry of Women's Affairs and Poverty Alleviation (WAPA) at the De Blue Roof, LTV 8 complex, Agindigbi Ikeja.  The Governor, represented by the Secretary to the State Governor, Bimbola Salu-Hundeyin, described the Assembly as a critical platform for celebrating women’s contributions and tackling challenges affecting their well-being. He restated his administration’s commitment to prioritising women through policies and programmes aimed at economic empowerment, political inclusion, and grassroots engag...
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CBN REVOKES LICENSES OF 4,173 BDCs.(PHOTO). #PRESS RELEASE

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  Citing Non-observance of Guidelines, CBN Revokes Licenses of 4,173 BDCs


(PRESS RELEASE)


The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised Operational Guidelines for Bureaux De Change 2015 (the Guidelines), has revoked the licenses of 4,173 Bureaux De Change Operators. The list of affected BDC operators is available on the Bank’s website (www.cbn.gov.ng).


The affected institutions failed to observe at least one of the following regulatory provisions:


  Payment of all necessary fees, including licence renewal, within the stipulated period in line with the Guidelines.

  Rendition of returns in line with the Guidelines.

  Compliance with guidelines, directives and circulars of the CBN, particularly Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT) and Counter-Proliferation Financing (CPF) regulations.


The CBN is revising the regulatory and supervisory guidelines for Bureau de Change operations in Nigeria. Compliance with the new requirements will be mandatory for all stakeholders in the sector when the revised guidelines become effective.


Members of the public are hereby advised to take note and be guided accordingly.


 


E-SIGNED:


Sidi Ali, Hakama (Mrs.)


Ag. Director, Corporate Communications

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