Can Banning Of “Black Market” Exchange Stop Money Laundry & Corruption In Nigeria?

The central bank of nigeria reportedly blocked future foreign exchange transactions with bureau de change operatives.

The bank will also suspend the issuance of new licences to money changers across the country with immediate effect, Governor Godwin Emefiele said in a press briefing on Tuesday afternoon.

The announcement comes as the bank intensifies efforts to mitigate further decline of the country’s economy and the national currency.

Bureau de change operators have long been a major black market, providing exchange rate support to those unable to formally access foreign currencies directly from the CBN.

MY THOUGHTS:

One day the Buhari-led government will ban everyone from breathing, bathing, eating and f*cking if possible.

This government has consistently showed us that they are agents of backwardness.

What’s your take on this?

LET’S TALK!! Can Banning Of “Black Market” Exchange Stop Money Laundry & Corruption In Nigeria?

Let’s hear from you all.

Drop your comment below