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| CBN Governor, Mr. Godwin Emefiele |
The Central Bank of Nigeria on Thursday said that all transactions consummated by any licensed Bureau De Change operators in the country must have the Bank Verification Number of the customers.
The directive, which was contained in a circular issued by the Director, Financial Policy and Regulation Department, CBN, Mr. Kevin Amugo, takes effect from August 1 this year.
The move is aimed at ensuring greater transparency in foreign exchange transactions handled by licensed BDC operators in the country.
Source: Punch
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