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

The body of Bank Chief Executive Officers (CEOs) has assured customers and the general public that Deposit Money Banks (DMBs) are prepared to supply dollars enough to meet demands that might come from the Bureau De Change (BDC) segment of the Foreign Exchange (Forex) market.

The bank CEOs made this known at a virtual press briefing held, on Thursday afternoon.

The Chairman of the Body of Banks CEOs, Herbert Wigwe assured end-users of foreign exchange that there is no cause for alarm as banks spread across the country has already started setting up dedicated service desks to meet customers needs.

This he believes will help fill any gap that people think might be created by the stoppage of dollar sales to BDCs.

“We have the spread, infrastructure and personnel to service the retail end of the forex market in line with the directives of the Central Bank of Nigeria (CBN),” he assured.

Also speaking, Managing Director/CEO of Guaranty Trust Holding Company (GTCO) Mr Segun Agbaje said the banks need not apply for BDCs licenses as they already have the license to deal in forex and have been doing so till 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…details later

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