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BDC ban: Bank CEOs assure customers of hitch-free dollar supply

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The body of Bank Chief Executive Officers (CEOs) has guaranteed clients and the overall population that Deposit Money Banks (DMBs) are ready to supply dollars enough to satisfy needs that may come from the Bureau De Change (BDC) section of the Foreign Exchange (Forex) market.

The bank CEOs spread the word about this at a virtual press preparation held, on Thursday evening.

The Chairman of the Body of Banks CEOs, Herbert Wigwe guaranteed end-clients of unfamiliar trade that there is no reason to worry as banks spread the nation over has effectively fired setting up die hard devotion work areas to address clients issues.

This he accepts will assist with filling any hole that individuals think may be made by the stoppage of dollar deals to BDCs.

We have the spread, framework and staff to support the retail end of the forex market in accordance with the orders of the Central Bank of Nigeria (CBN),” he guaranteed.

Likewise speaking, Managing Director/CEO of Guaranty Trust Holding Company (GTCO) Mr Segun Agbaje said the banks need not matter for BDCs licenses as they as of now have the permit to bargain in forex and have been doing as such work date.

Other Managing Directors present are: Mr Patrick Akinwunton CEO, Ecovank Nigeria, Mrs Tony Somefun CEO Unity Bank, First City Monument Bank Limited (FCMB) CEO Mrs Yemisi Edun among others

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