THE Nigerian naira on Monday
appreciated on in the parallel market following indication that the
CBN will sell $20,000 to each BDCs this week, up from the $10,000
usually sold to each BDC.
Though the naira closed N403 per dollar
on Monday and N397 on Friday previous week in the parallel market, it
however depreciated to N405 per dollar on Saturday.
Gwadabe blamed the depreciation on inflow of illicit money which he said is driving up demand for dollars.
He warned BDC operators to avoid being
used in the laundering such illicit money, saying that ABCON will impose
heavy sanction on any operator involves in such illegality.
Commenting on the N450 million cash
discovered in an abandoned BDC premises in Lagos shop on April 7
Gwadabe said that ABCON has commenced investigation into the matter
was ongoing and still under the security purview.
He assured that as soon as investigation
was concluded, the press would be briefed accordingly. “We have
identified the characters involved and we are going to write them to
invite them.
“The reason we call this meeting is to
say that we condemn it in entirety. He urged members to desist from such
act since it was an abuse of Know-Your -Customer (KYC).
Even if you are a member and you are
found with N500 mill that is total abuse of KYC, total abuse of the cash
transfer report, it is total abuse of the suspicious transaction report
and that is the message we have told our members that they must respect
those compliances.”
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