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We Buy Dollar From Government Officials and Politicians – BDC Operators

Farouk Mohammed
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Farouk Mohammed
ByFarouk Mohammed
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and...
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Published: 2016/08/30
2 Min Read
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Bureau de Change (BDC) operators have accused some highly placed government officials, top politicians and Central Bank of Nigeria’s (CBN) staff of being responsible for the fall of the naira.

The BDC operators said that the scarcity of the dollar and other important foreign currency have forced them to buy from Government officials and politicians.

This way, they make money at the expense of the nation.

They also stated that the allegation made by the Emir of Kano Lamido Sanusi  that people sit at home and make calls to buy dollars from the CBN and resell is indeed true.

According to one operator, “Dollar is scarce, we don’t have it like in the past. For us to have it, we must identify who to approach to buy from CBN for us,

“Mostly, top government officials use their influence to buy from the CBN in the name of going abroad for official assignment,”

When the operator was asked if he knew anyone or had bought from them, the operator stated that his ‘oga’ (boss) does not sleep and “he follows them around, sometimes he goes to their houses in Asokoro, Maitama to beg them to buy dollars. He traveled to Kano last time to approach somebody for it,” he pointed out.

TAGGED:BDCDollarGovernment Officials
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ByFarouk Mohammed
Publisher
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and development. He has over a decade of experience in journalism and international media, with a strong focus on geopolitics, conflict reporting, human rights, and the global digital economy.
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