Sentences with phrase «de change operator»

Meanwhile, the EFCC also produced a Bureau de Change operator, Mr. Kabiru Ibrahim, who helped Metuh to change $ 1 million to its Naira equivalent, and transferred same to his company's account, to testify before the court, yesterday.

However, a meeting between the CBN Governor, Mr. Godwin Emefiele and the Executive Council of Association of Bureaux de Change Operators of Nigeria, ABCON, scheduled for, yesterday, was yet to commence at press time.

«That some individuals and companies that received these payments, in turn, transferred part of the monies directly to the NSITF officials while others transferred huge sums to bureau de change operators who changed them to dollars.»

Currencies are traded offline by banks and Bureaux de Change operators.

This difference is the profit made by the Bureau de Change operators on the transaction.

Not exact matches

LAGOS — The Naira remained stable at N295 per dollar in the parallel market, yesterday, as Bureau de Change, BDC, operators await the release of modalities on how to source dollars from autonomous sources.

In the second case at an Abuja Federal High Court, Adoke and Abubakar were alleged to have on September 16, 2013 conspired to commit money laundering when they directly took possession of the sum of $ 2, 267, 400 and converted it to the Naira equivalent being the sum of N345.2 million using one Usman Bello, a bureau de change (BDC) operator.