Nigeria’s Central Bank (CBN) says it may revalidate some Bureau De Change (BDC) operators’ licences revoked over their inability to meet up with the recapitalisation deadline in 2012.
Director, Other Financial Institutions and Supervision Department (OFISD), Mr. Olufemi Fabanwo disclosed this on Saturday in an interview in Lagos.
Mr. Fabanwo explained that CBN might reconsider allowing the affected bureau de change operators resume operations, if they were not found guilty of infractions.
According to him, the authority may reconsider, reinstate and align the bureau de change operators back into business, if their licences were not supposed to have been revoked.
“If they have not paid before the deadline, it means that they got their licences under a false pretence and that cannot be revisited.
“For those that had paid prior to the revocation and there is evidence and proof that they paid, then, the CBN can reconsider their licences,” Fabanwo said.
The CBN had in January 2013 withdrew the licences of 236 Bureau de Change operators over their inability to recapitalise to the tune of 250,000 dollars.
No comments:
Post a Comment