Connect with us

News

CBN revokes operational licenses of 4,173 BDCs

Published

on

CBN uncovers $2.4bn foreign exchange scam
•CBN Governor Yemi Cardoso
Spread the love
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change Operators.

A statement issued this Friday evening, March 1, 2024 said the action is “in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised Operational Guidelines for Bureaux De Change 2015 (the Guidelines)”.

Signed by Sidi Ali, Hakama (Mrs.) Ag. Director, Corporate Communications, CBN, the statement said that the affected institutions failed to observe at least one of the following regulatory provisions:

a. Payment of all necessary fees, including licence renewal, within the stipulated period in line with the Guidelines.

b. Rendition of returns in line with the Guidelines.

c. Compliance with guidelines, directives and circulars of the CBN, particularly

Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT) and Counter-Proliferation Financing (CPF) regulations.

Maduka College Advert

The CBN is revising the regulatory and supervisory guidelines for Bureau de Change operations in Nigeria. Compliance with the new requirements will be mandatory for all stakeholders in the sector when the revised guidelines become effective.

“Members of the public are hereby advised to take note and be guided accordingly,” CBN said, adding that the list of affected BDC operators is available on the Bank’s website (www.cbn.gov.ng).

News

Obi donates N10 million to burnt hospital in Enugu

Published

on

Mr Peter Obi presenting a cheque of 10 Million Naira to assist in the renovation of the burnt Mother of Christ Specialist Hospital, Enugu State.
Spread the love

Presidential candidate of the Nigeria Democratic Congress (NDC) in the forthcoming 2027 general election, Mr. Peter Obi, has donated N10 million to assist in the renovation of the burnt Mother of Christ Specialist Hospital, Enugu State.

The former Anambra State governor handed over the cheque for the donation to the hospital management team when he visited the hospital yesterday.

The hospital belongs to the Reverend Sisters of the Immaculate Heart of the Catholic Church.

Mr Peter Obi inspecting the burnt hospital

Addressing the hospital management team after inspecting parts of the burnt hospital, the NDC presidential candidate commended them for their efforts in contributing to healthcare delivery services.

Telling them that even though they might feel that they were not being appreciated for what they were doing, Obi, however, described healthcare delivery services and education as among the “most critical needs of society” and urged them not to relent in what they were doing.

Maduka College Advert

Accompanied during the visit by his Chief of Staff, Commissioner for Housing, as well as Special Adviser on Media when he was Anambra State governor, Prof. Stella Okunna, Prof. Patrick Obi, and Dr. Valentine Obienyem respectively, Obi assured the hospital management team that he would continue to support them.

Part of the hospital gutted by the inferno and inspected by Obi was the Children’s Ward.

Expressing gratitude on behalf of the hospital management, the Chief Medical Director of Immaculate Heart Hospital, Nkpor, Anambra State, Rev. Sister Dr. Maria Nkiruka Okafor, eulogised Obi for his sacrifices and selfless contributions to humanity.

Disclosing that Obi had already credited the hospital’s accountant with the N10 million donation and that he was even the person who called her to inform her that he had received the sad news of the inferno and promised to donate towards the renovation, Rev. Sister Okafor described him as a rare politician.

She prayed that God would grant him his ambition to become President of the country and enable him to achieve his desire to transform it.

Continue Reading

News

FG, Enugu State target direct China-Enugu Cargo flights by December – Keyamo

Published

on

Aviation Minister, Festus Keyamo
Spread the love

The Federal Government and Enugu State Government are in talks to ensure the commencement of direct cargo flight operations between Enugu and Guangzhou, China, before the end of the year.

The Minister of Aviation and Aerospace Development, Barr Festus Keyamo, disclosed this in Lagos during the launch of the United Air’s newly acquired airplanes on Thursday.

The Minister added said the FG had affected a structural management overhaul at the Akanu Ibiam International Airport, also bringing the airport under a privately run operational framework.

Enugu Airline

“One of our prides in the South is the Enugu International Airport. The Enugu governor approached Mr. President, noting that the airport was not maximising its economic potential under standard bureaucratic structures, and requested to bring in private investors to run it. Mr. President gave the green light.

“As I speak with you, Enugu is now fully privately owned and fully supported by state government, with the clear objective of also turning it into a dedicated cargo hub for the entire Southeast.”

Maduka College Advert

To this effect, therefore, Keyamo said that a high-level bilateral trade negotiations were ongoing with a view to securing direct logistics flights between China and the Southeast by the end of 2026.

“Just two days ago, the Enugu governor and I were actively negotiating the first direct cargo flight from Guangzhou, China, straight into Enugu.

“We are targeting December for the maiden flight. This will allow our Southeast merchants and traders in China to consolidate their goods into unified cargo accounts twice a week, flying straight into Enugu for seamless delivery to hubs like Onitsha and Aba,” he concluded.

It is recalled that Governor Mbah had in July 2025 launched Enugu Air, a state-owned airline, as part of the administration’s integrated blueprint for a modern, multimodal transport ecosystem and the vision to make Enugu a major aviation and logistics hub.

Since then, Enugu Air has grown its fleet from three at inception to six planes with plans to further increase it as it prepares to commence operations to regional destinations like Accra, Libreville, Abidjan in next few months and long haul flight operations to various destinations around the world by the end of the year.

Continue Reading

News

Retired Generals raise alarm over insecurity, say govt must be proactive

Published

on

Late Major General Rabe Abubakar (rtd)
Spread the love
Continue Reading

Trending

Maduka College Advert