Central Bank of Nigeria introduces new code for Bureaux De Change

The Central Bank of Nigeria -CBN has introduced new code of corporate governance rules for Bureaux De Change-BDC in the country to take effect from December 1 2018.

In a circular, signed by Director Financial Policy and Regulation Department, CBN, Kevin Amugo the apex bank said the new corporate governance regulation is to further strengthen the institutions and reposition them to perform their statutory roles.

The regulation said the Board shall be accountable and responsible for the performance and affairs of the BDC and members of the Board are severally and jointly liable for the activities for the BDC.


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