HALISTER1: Nigeria FX Bureaus Say Money Laundering Weakening Naira

Nigeria FX Bureaus Say Money Laundering Weakening Naira

(Bloomberg) -- Aminu Gwadabe, chairman of the Association of Bureau de Change of Nigeria, pledges to fight corruption after meeting Economic and Financial Crimes Commission head in Abuja.
  • “The naira is weakened by unearned income and high demand for foreign exchange used for laundering activities,” he says in statement
  • Working on a system that will enable the EFCC to monitor FX trade by Bureau de Change Operators
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
172978Z LX (Central Bank of Nigeria)
1119Z NL (Federal Republic of Nigeria)

People
Aminu Gwadabe (Central Bank Of Nigeria)

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