The Central Bank of Nigeria (CBN) has revoked the operational licenses of 4,173 Bureau de Change (BDCs) operators in the country....CONTINUE READING
This was contained in a statement on Friday by Sidi Ali Hakama, CBN’s acting director of corporate communications, and seen by Politics Nigeria.
The statement reads:
“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 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 CB, 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 quided
accordingly.”
The affected BDCs are:
1 10-20 TIMES BDC LTD
2 1717 BDC LTD
3 19TH BDFC LTD
4 1HR BDC LTD
5 1ST MONEY EXCHANGE BDC LTD
6 2017 BDC LTD
7 2019 BDC LTD
8 2022 BDC LTD
9 205 INNOVATIVE BDC LTD (FORMERLY TUGE BDC LTD)
10 360 EXCHANGE BDC LTD
11 3D SCANNERS BDC LTD
12 404 FOREX BDC LTD
13 4WAYCASH BDC LTD
14 6JS BDC LTD
15 8-TWENTY FOUR BDC LTD
16 911 BDC LTD
17 A&CBDCLTD
18 A&MBDCLTD
19 A&SBDCLTD
20 AABDCLTD
21 AANDUBDCLTD
22 AIABDCLTD
23 A KURE GRAND EXCHANGE BDC LTD
24 A M ABUBAKAR BDC LTD
25 A T NASIHA BDC LTD
26 A THREE BDC LTD
27 A TO A GLOBAL RESOURCES BDC LTD
28 A &S BUREAU DE CHANGE LTD
29 A. A. DZ BDC LTD
30 A. A. FUNTUA BDC LTD
31 A. MAIKORE BDC LTD
32 A.A CURRENCY BDC LTD
33 A.A SILLA BDC
34 A.A. DANGONGOLA BDC LTD
35 A.A. FUNTUA BDC LTD
36 A.A. LUKORO BDC LTD
37 A.A. SILLA BDC LTD
38 A.B.S BDC LTD
39 A.B.Y BDC LTD
40 A.G. TSOHO DOGO BDC LTD
41 A.H.M-RAF BDC LTD
42 A.L.B. BDC LTD
43 A.M.D. BDC LTD
44 A.M.T. GLOBAL BDC LTD
45 A.S.K. TRUST BUREAU DE CHANGE LTD
46 A.S.K. TRUST BDC LTD
47 A.S.W. FOREX EXCHANGE BDC LTD
48 A.T. & MONEY TRUST BDC LTD
49 A.T. NASIHA BDC LTD
50 A.U.B. ZANGO BDC LTD
51 A.Y. MAIKIFI BDC LTD
52 A3 BDC LTD
53 AA 1ST ENTERPRISES BDC LTD
54 AALIYAH BDC LTD
55 AB INTERNATIONAL VENTURE BDC LTD
56 ABACUS BDC LTD
57 ABAISER LINKS BDC LTD
58 ABAS BDC LTD
59 ABBASIYA BDC LTD
60 ABC-AKUDI BUS CO LTD (BDC)
61 ABD GLOBAL RESOURCES BDC LTD
62 ABDECO BDC
63 ABDIEL BDC LTD
64 ABDUL ABDUL BDC LTD
65 ABDULMUMINI RANO
66 ABERDEEN BDC
67 ABIBAL BDC LTD
68 ABIDING WILL BDC LTD
69 ABIHALI BUREAU DE CHANGE LTD
70 ABIHALI BDC LTD
71 ABISU ASAMU FOREX BDC LTD
72 ABKAS GLOBAL BDC LTD
73 ABLE ROCK BDC LTD
74 ABOLD BDC LTD
75 ABOUND BUREAU DE CHANGE LTD
76 ABOUND BDC LTD
77 ABOVE & BEYOND BDC LTD
78 ABR GLOBAL BDC LTD
79 ABS WADATA BDC LTD
80 ABSAD INTERNATIONAL BDC LTD
81 ABSHA BDC LTD
82 ABSOLUTE ACCORD EXCHANGE BDC LTD
83 ABTAJ BDC LTD.
84 ABUBAKAR IBRAHIM BDC LTD
85 ABUBAKAR ISAH BDC NIG LTD
86 ABULKASIM BDC LTD
87 ABUNDANT GRACE AND MERCY BDC LTD
88 ABUTILEX HUB BDC LTD
89 ACA BDC LTD
90 ACCELIN BDC LTD
91 ACCEPTANCE BDC LTD
92 ACCEPTANCE BUREAU DE CHANGE LTD
93 ACCORD BDC LTD
94 ACCOUNT TO ACCOUNT BDC LTD
95 ACCOUNT TO ACCOUNT BUREAU DE CHANGE LTD
96 ACCRINGTON BDC LTD
97 ACCUWEATHER BDC LTD
98 ACHIEVERS BDC LTD
99 ACML BDC LTD
100 ACROSTIC BDC LTD
101 ACTIVE BDC LTD
102 ACTIVE TRADE BDC LTD
103 ADA BDC LTD
104 ADAKAWA BUREAU DE CHANGE LTD
105 ADAKAWA BDC LTD.
106 ADAS BDC LTD
107 ADATEX FOREX
108 ADATUWA BDC LTD
109 ADCOMTEACH BDC LTD.
110 ADDCO BDC LTD
111 ADDIR BDC LTD
112 ADDISS BDC LTD
113 ADDLUX BDC LTD
114 ADHESIVE BDC LTD
115 ADIFA BDC LTD
116 ADILA BDC LTD
117 ADINA-ADALIA BDC LTD
118 ADIOSO BDC LTD
119 ADIYA BDC LTD
120 ADLUX BDC LTD
121 ADMIRAL AVENUE BDC LTD
122 ADMIRALTY BDC LTD
123 ADNAN TRADE EXCHANGE BDC LTD
124 ADONAI BDC LTD
125 ADORATION BDC LTD
126 ADRIANO BDC LTD
127 ADUNNI BDC LTD
128 ADVANTEC BDC LTD
129 ADVENTURE BDC LTD
130 ADY BDC LTD
131 ADZA BDC LTD
132 AEK BDC LTD
133 AFIMS BDC LTD
134 AFIRUWA GLOBAL BDC LTD
135 AFITOO BDC LTD
136 AFORAKU BDC LTD
137 AFRESH BDC LTD
138 AFRICIANE BDC LTD
139 AFRINET BDC LTD
140 AFTER SIX EXCHANGE BDC LTD
141 AGALA BDC LTD
142 AGEGE DYNAMIC EXCHANGE BDC LTD
143 AGENTY BDC LTD
144 AGGREGATE BDC LTD
145 AGRICOLE BDC LTD
146 AGRIOX BDC LTD
147 AGROIX BDC LTD
148 AGWALUMA BDC
149 AHA BDC LTD
150 AHDAN BDC LTD
151 AHDORA BDC LTD
152 AHEAD BDC LTD
153 AHID CASH LINKS BDC LTD
154 AHIJO BDC LTD
155 AHLUDDUTHUR BDC LTD
156 AHMADIYYA BDC LTD
157 AHRAMA BDC LTD
158 AIFAT BDC LTD
159 AIRAQ BDC LTD
160 AIRCASH BDC LTD
161 AIRCOR VENTURE BDC LTD
162 AIRCRASH BDC LTD
163 AIREAL VIEW BDC LTD
164 AISOSO BDC LTD
165 AITCO BDC LTD
166 AITETCO BDC LTD
167 AIZAB BDC LTD
168 AJANA BDC LTD
169 AJARI BDC LTD
170 AJINABAK BDC LTD
171 AJUS FOREX BDC LTD
172 AKAL BDC LTD
173 AKUABATA BDC LTD
174 AKUOMA FOREX BDC LTD
175 AL BUSHARA ULTIMATE TRUST BDC LTD
176 AL GULAM INTERNATIONAL FOREX BDC LTD
177 AL HIERI BDC LTD
178 AL MUAMALAT BDC LTD
179 AL MUBARAK GLOBAL BDC LTD
180 AL MUWADDA BDC LTD
181 AL NASARA BDC LTD
182 AL RIZQ BDC LTD
183 ALADINMA BDC LTD
184 AL-ALEEM BDC LTD
185 ALALI BDC LTD
186 ALAMIN BDC LTD
187 AL-AMIRA BDC LTD
188 AL-AMOUDI INT’L BDC LTD
189 ALAQUAT BDC LTD
190 AL-ASAL CASH BDC LTD
191 ALASKA BDC LTD
192 ALATIRON BDC LTD
193 ALAZRIN BDC LTD
194 ALBANY FOREX BDC LTD
195 ALBARAKA BDC LTD
196 AL-BASHIR BDC LTD
197 AL-BASID BDC LTD
198 AL-BIDAYA BDC LTD
199 ALBION BDC LTD
200 AL-BUSHARA BDC LTD
201 AL-BUSHARA ULTIMATE TRUST BDC LTD
202 ALCO BDC LTD
203 ALDERMAN BDC LTD
204 ALEXANDARIA BDC LTD
205 ALEXCHRIS BDC LTD
206 ALF- REGINA BDC LTD
207 ALFA EXCHANGE BDC LTD
208 ALFAM BDC LTD
209 ALF-REGINA BUREAU DE CHANGE LTD
210 AL-GULAM BDC LTD
211 ALH. UMAR KIME BDC LTD
212 ALHAJI ABDALLAH HARUN BDC LTD
213 ALHAJI SABO BDC LTD
214 AL-HAMSAD BDC LTD
215 ALHANDASAH LINKS BDC LTD
216 ALHAQEEQHA BDC LTD
217 AL-HAQQ INVESTMENT BDC LTD
218 AL-HARUN BDC LTD
219 ALHERI BDC LTD
220 ALHIDAYA BDC LTD
221 ALHILAL ROYAL BDC LTD
222 ALHIZA BDC LTD
223 ALICANPO BDC LTD
224 ALIENWARE FOREX BDC LTD
225 AL-IHSAN BDC LTD
226 AL-IKHLAS BDC LTD
227 AL-JAZRAB BDC LTD
228 ALJEREYE BUREAU DE CHANGE LTD
229 AL-JEREYE BDC LTD
230 AL-KAUSARA FX BDC LTD
231 AL-KAUTHAR BDC LTD
232 ALKUNYA BDC LTD
233 ALL CURRENCY BDC LTD
234 ALL SAINTS BDC LTD
235 ALLAH MAI GIRMA BDC LTD
236 ALLAN COWRY BDC LTD
237 ALLEN PARK BDC LTD
238 ALLENCO BDC LTD
239 ALLIED AFRIQUE BDC LTD
240 ALLOVER BDC LTD
241 ALLWOOS COURT BDC LTD
242 ALMA BROOK BDC LTD
243 AL-MABAROORA BDC LTD
244 AL-MANSUR BUREAU DE CHANGE LTD
245 AL-MANSUR BDC LTD
246 ALMARKS BDC LTD
247 ALMERIA BDC LTD
248 ALMIDFOREX GLOBAL BDC LTD
249 ALMOUDI BDC LTD
250 AL-MU’AMALAT BDC LTD
251 AL-MUSAFY RESOURCES BDC LTD
252 ALNAS BDC LTD
253 ALNI’IMA BDC LTD
254 ALOT BDC LTD
255 AL-PASIE CAPITAL BDC LTD
256 ALPHA CONCEPT BDC LTD
257 ALPHAEUS BDC LTD
258 AL-SAFA BDC LTD
259 AL-SAMAHA ULTIMATE BDC LTD
260 ALSAS BDC LTD.
261 AL-TAFSIR BDC LTD
262 AL-TAFWIG INT’L BDC LTD
263 AL-TAUHEED BDC LTD
264 ALTERNATIVE SOURCE BDC LTD
265 ALTISOURCE BDC LTD
266 ALTO BDC LTD
267 ALTON GLOBAL BDC LTD
268 ALUMNAJ BDC LTD
269 ALUSTAN BDC LTD
270 AL-WABEL BDC LTD
271 AL-WARID BDC LTD
272 ALWARISUN BDC LTD
273 ALYUSRA BDC LTD.
274 ALZAN BDC LTD
275 ALZANG BDC NIG. LTD.
276 AL-ZEYADA BDC LTD
277 AMA ZUMA BDC LTD
278 AMAJIDDAH BDC LTD
279 AMALYA BDC LTD
280 AMANA BDC LTD
281 AMANYI BDC LTD
282 AMARA DYNAMIC FOREX BDC LTD
283 AMAX CASH BDC LTD
284 AMAZING BDC LTD
285 AMAZON BDC LTD
286 AMB & MONEY RESOURCES BDC LTD
287 AMBAR BDC LTD
288 AMBASSADOR BDC LTD
289 AMBISSION BDC LTD
290 AMBIYA BDC LTD
291 AMBROSINI AND SKIN ASSOC BDC LTD
292 AMD ULTIMATE BDC LTD
293 AMEER & AMEERA BDC LTD.
294 AMEERAH A. BAKO & BROTHERS BDC LTD.
295 AMEN BDC LTD
296 AMEND CHARGE BDC LTD
297 AMERIPHIL BDC LTD
298 AMEYA BDC LTD
299 AMFAD BDC LTD
300 AMFANIN GIRMA BDC LTD
301 AMG BDC LTD
302 AMG INTERNATIONAL BDC LTD
303 AMG INTERNATIONAL FOREX BDC LTD
304 AMICABL CONCEPT BDC LTD
305 AMINATA BDC LTD
306 AMINCHI GLOBAL COMMERCIAL BDC LTD
307 AMINCI BDC LTD
308 AMIR AND SAFFAH BDC LTD
309 AMIR CLEAN EXCHANGE BDC LTD
310 AMIR WUDIL AND BROTHERS BDC LTD
311 AMIRA MONEY TRUST BDC LTD
312 AMIR-MU BDC LTD
313 AMJIGAR BDC LTD
314 AMKG BDC LTD
315 AMNESTY BDC
316 AMPTHILLS BDC LTD
317 AMRAK GLOBAL BDC LTD
318 AMRAM BDC LTD
319 AMSA BDC LTD
320 AMSALCO BDC LTD
321 AMSMAY BDC LTD
322 AMTRAL BDC LTD
323 AMUD BDC LTD
324 AMUGBARA TWO BDC LTD
325 AMWAJ BDC LTD
326 ANASIYA BDC LTD
327 ANCHORIA BDC LTD
328 ANCHOVY BDC LTD
329 ANDERSON FX BDC LTD
330 ANDESITE BDC LTD
331 ANDO MONEY RESOURCES BDC LTD
332 ANDREA BDC LTD
333 ANDROFOREX CASH BDC LTD
334 ANGELICA BDC LTD
335 ANIEZI BDC LTD
336 ANIKE BDC LTD
337 ANNETTE EXCHANGE BDC LTD
338 ANNUITY BDC LTD
339 AN-NUR BDC LTD
340 ANTHONY KING BDC LTD
341 ANTHONY PADUA BDC LTD
342 ANTICS BDC LTD
343 ANUAGATA BDC LTD
344 ANVELLA BDC LTD
345 ANXIETY FREE BDC LTD
346 ANYIANYI BDC LTD
347 A-ONE FOREX BDC LTD
348 APAL 76 BDC LTD.
349 APEM BDC LTD
350 APL BDC LTD
351 APPLE HILL FOREX BDC LTD
352 APPROACH BDC LTD
353 APRIL 1616 INVESTMENT STRATEGY BDC LTD
354 APT BDC LTD
355 AQUMIX DEAL BDC LTD
356 ARAGIE BBDC LTD
357 ARAS BDC LTD
358 ARBAB BDC
359 ARCADIAN EXCHANGE BDC LTD
360 ARCHUB FOREX BDC
361 ARENA BDC LTD
362 AREOLA BDC LTD
363 ARFAT GLOBAL FOREX BDC LTD
364 ARIEL BDC LTD LIMITED
365 ARIES HOME BDC LTD
366 ARISE BDC LTD
367 ARISING BDC LTD
368 ARIZONA FOREX BDC LTD
369 ARIZONE BDC LTD
370 ARKANSAS AMBASSADOR BDC LTD
371 ARLINGTON BDC LTD
372 ARMSTRONG BDC LTD
373 AR-RAMIS BDC LTD
374 ARRASHAD INTERNATIONAL BDC LTD
375 ARREARS FOREX BDC LTD
376 ARTCHRIS BDC LTD
377 ARTHUR BDC LTD…CONTINUE READING>>
