The Association of Bureau De Change Operators of Nigeria has charged its members to work more on corporate governance practices and customer service in their operations.
The President, Dr Aminu Gwadabe, gave this charge on Tuesday at the 2021 Annual ABCON Nationwide Training on BDC Operations in Lagos.
Gwadabe stated that the training was organised in partnership with the Central Bank of Nigeria and Nigeria Financial Intelligence Unit to improve professionalism and higher compliance level in the Bureau De Change and enhance service delivery to forex end-users.
BDCs, he noted, occupy a very important position and play critical roles in the nation’s forex market, which are germane to achieving stable exchange rate and easy access to forex for members of the public in a conducive environment.
To effectively play this role, Gwadabe explained, “BDC operators must be adequately informed and effectively equipped with the right professional skills and mindset to discharge their duties as required by the laws of land and the industry
“Thus the need for BDC directors and staff to be continuously exposed to quality capacity building programmes designed to enhance their ability to professionally discharge their duties to forex end-users and the regulators.”
According to him, this informed the decision of ABCON to partner with the CBN, NFIU and other agencies to organise the annual training on BDC operation in Nigeria.
His words, “The training will be executed by a team of highly experienced professionals from the CBN, NFIU and other organisations from May 24 to June 30 in four locations across the country.”
Daily and Monthly Report Rendition, Monthly Balance Sheet Report and Annual Audited Account, Corporate Governance, Fit and Proper Check in Appointment of Directors, Anti-money Laundering/Counter-financing Terrorism Policy, Obligations of Compliance Officer, Reporting on GOAML and NIL-Report Platform, as well as ABCON Compliance Requirements by Members will be touched at the training.
