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Terrorism: ABCON partners EFCC

Terrorism: ABCON partners EFCC

That Association of Bureau De Change of Nigeria, ABCON says the association’s recent collaboration with the Economic and Financial Crimes Commission (EFCC) will curb money laundering and terrorism. Disclosing this in an exclusive interview with The Nation, the President of ABCON, Alhaji Aminu Gwadabe stated that this has become as members have now become pray […] …

ABCON backs CBN’s monetary policy, financial stability roles

ABCON backs CBN’s monetary policy, financial stability roles

The Association of Bureaux De Change Operators of Nigeria (ABCON) has stated its support for the Central Bank of Nigeria’s (CBN’s) financial stability and monetary policy roles. In a statement released yesterday, ABCON President, Alhaji  Aminu Gwadabe, said the apex bank under  Governor Godwin Emefiele has achieved financial stability and promoted monetary policy initiatives that […] …

ABCON alerts public over fake $100 bills import from India

ABCON alerts public over fake $100 bills import from India

.Gets CBN, EFCC nod on campaign against fake currency   The Association of Bureaux De Change Operators of Nigeria ( ABCON ) on Friday alerted the public over ongoing security investigation on $100 bills being imported from India into Nigeria. The ABCON President, Alhaji Aminu Gwadabe, who disclosed the development to financial journalists after the […] …

ABCON demands exemption of BDCs from VAT, CoT

THE Association of Bureaux De Change Operators of Nigeria, ABCON, has called for the exemption of Bureau De Change operators from paying Value Added Tax, VAT, and Commission on Turnover, COT.  President, ABCON, Dr. Aminu Gwadabe made this call at the launching of the association’s Automation Portal project titled “Digitising BDCs operations for efficiency, transparency and regulatory compliance”, held in Lagos.
Continue reading ABCON demands exemption of BDCs from VAT, CoT at Vanguard News Nigeria. …

Naira stable despite election fears, says ABCON

Naira stable despite election fears, says ABCON

• CBN’s, BDCs’ reforms hailed The naira has in over 18 months remained stable at both the official and parallel markets despite several odds facing it ahead of the 2019 general elections, President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has said. Speaking yesterday to financial journalists in Lagos, the […] …

EFCC, ABCON take fight against money laundering at MM2

THE Economic and Financial Crimes Commission (EFCC) and the Association of Bureaux De Change Operators of Nigeria (ABCON) have taken the campaign against money laundering and terrorism financing to Bureaux de Change (BDC) operators at the Murtala Muhammed Airport 2 (MM2), Lagos. Speaking during the sensitisation programme against money laundering and terrorism financing campaign at […]
The post EFCC, ABCON take fight against money laundering at MM2 appeared first on Tribune Online. …

ABCON seeks higher transaction margin for BDCs

ABCON seeks higher transaction margin for BDCs

The Association of Bureaux de Change Operators of Nigeria (ABCON) yesterday demanded for higher transaction margins for Bureaux De Change (BDCs) as being practiced in other parts of the world. Speaking during the ABCON Live Run Automation Project launch in Lagos, ABCON President, Aminu Gwadabe, said 10 per cent transaction margin is the common practice […] …

ABCON to CBN: make BDCs direct agents of IMTOs

ABCON to CBN: make BDCs direct agents of IMTOs

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to implement provisions of its 2014 circular by making BDCs direct agents of international money transfer operators (IMTOs) as obtained in other countries. It also sought the restoration of its status as a self-regulatory organisation (SRO) to […] …

CBN, ABCON partnership stabilises naira despite campaign spendings

CBN, ABCON partnership stabilises naira despite campaign spendings

Ongoing strategic partnership between the Central Bank of Nigeria (CBN) and the Association of Bureaux De Change Operators of Nigeria (ABCON) has kept the naira stable at both the official and parallel markets despite huge campaign spendings by political parties. ABCON President, Alhaji Aminu Gwadabe, who spoke with financial journalists in Lagos at the weekend, […]
The post CBN, ABCON partnership stabilises naira despite campaign spendings appeared first on The Sun Nigeria. …

Magu cautions Bureau de Change operators against excesses of politicians

Adams Oshiomhole May Be Sacked Any Moment From Now, As Bukola Saraki Puts President Buhari On The HOT Seat

The Acting Chairman, Economic and Financial Crimes Commission (EFCC) Mr Ibrahim Magu has cautioned Bureau de Change (BDC) operators in the country against aiding corrupt practices of some politicians. …

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