Court jails BDC operators over unlicensed forex activities

The Punch | 08-09-2026 04:29am |

A court in Abuja has sentenced two Bureau De Change (BDC) operators to five years imprisonment each for engaging in unlicensed foreign exchange activities. The conviction highlights Nigeria's intensified efforts to combat illegal currency trading. The operators were found guilty of operating without the necessary licenses. This ruling serves as a deterrent to others in the forex market.

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