Bureau De Change Refutes Closure Romores in Abuja
The Association of Bureau De Change Operators of Nigeria (ABCON) has dismissed recent rumors suggesting the closure of operations in Abuja. Speculations arose earlier this week when foreign exchange black market traders in Abuja halted their activities, citing directives from their union and concerns over the Naira’s depreciation against the US dollar.
In response, ABCON issued a clarifying circular titled “Clarification On No Sales Policy/Shutdown Of Market In Abuja” on Thursday. Signed by the national president, Alhaji Aminu Gwadabe, and the regional chairman of the North Central, Alh. Shehu Mahmud, the circular aimed to dispel any misconceptions and urged members to continue their operations in accordance with established guidelines.
Emphasizing the importance of addressing misinformation promptly, the statement clarified that the alleged shutdown directives did not originate from ABCON’s central body or its zonal council. ABCON reassured its members, stressing their commitment to adhering to Central Bank of Nigeria regulations and communicating grievances through proper channels.
The circular reiterated ABCON’s stance as professional and licensed operators, urging members to uphold the law and continue their services without interruption. It explicitly stated that no directive had been issued to cease operations.
ABCON called upon its members to assist in correcting any misunderstandings by disseminating accurate information through appropriate channels, ensuring clarity for the public, businesses, and investors alike.
