In April this year, the federal government confirmed the arrest of 400 BDC operators for funding Boko Haram but till date, nothing has been further heard of them and no report of their trial.
On Monday, the apex bank announced immediate discontinuation of sale of Foreign Exchange (forex) to BDC operators in the country.
The CBN Governor, Godwin Emefiele, made this known on Tuesday, while presenting a communique from the apex bank’s Monetary Policy Committee (MPC) meeting in Abuja.
Emefiele said the move was made due to the unwholesome business practices of the operator, which he said had continued to put pressure on the Naira.
He declared that, henceforth, the CBN would sell forex to Nigerians through the commercial banks.
In his words: “The CBN observed that the BDCs aid illicit financial flows and other financial crimes. The bank has thus, decided to discontinue the sale of forex to the BDCs with immediate effect.