180 BDC Operators Accused Of Financing Terrorism Pay N900m Fine To CBN.
At least 180 Bureau De Change (BDC) operators nabbed by security operatives for alleged link to terrorism financing paid N900 million in penalties before they returned to their businesses, Daily Trust reports.
This comes as BDC operators and other traders rounded up by security agents in March, on suspicion of involvement in financing of terrorism have remained in detention, almost three months after their arrest.
On a few occasion recently, the Minister of Justice and Attorney General of the Federation, Abubakar Malami, has stated that the federal government will put in about 400 suspects on trial for financing terrorism.
President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said each of the 180 BDC operators was made to pay N5 million penalty to CBN, amounting to N900m.
“After engaging with the CBN and appealing to them, we were able to clear about 180 of our members who were asked to pay N5 million each as penalties. They have complied and are now returned to their legitimate business,” Gwadabe said.
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