Welcome to Aprokoman - Naija Gossip Hub

In this exclusive interview with Aminu Gwadabe, the President of Association of Bureau de Change of Nigeria (ABCON), he spoke about the struggle of BDCs to meet the central bank recapitalisation demand and the effort to bring its members into compliance with the law. Excerpts:

First, it was very necessary considering the practice in the industry. We have seen the deadline given for capitalisation running off to, say, 18 months, 24 months. Banks were given 24 months to capitalise, macro finance banks were given 18 months to recapitalise. So, giving the BDC only six months to recapitalise does not show equality.

https://dailytrust.com/n2bn-capital-requirement-untenable-for-most-of-our-members-bureau-de-change-president/