CBN proposes 2 years jail term for erring forex dealers

by | February 15, 2018 2:54 pm

Central Bank of Nigeria (CBN) has proposed a two year jail term for any erring authorised foreign exchange dealers/buyers who fail to render returns to the apex bank in line with extant laws regulating foreign exchange market. The recommendation was contained in the 4-page memorandum submitted to the House Committee on Banking and Currency, during…

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