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Home Tag Archives: stopping use of domiciliary accounts

Tag Archives: stopping use of domiciliary accounts

Banking & Finance

BDCs back CBN’s directive banning domiciliary accounts as collateral

By Breezynews
11 April 2024
in :  Banking & Finance
0
81

The Association of Bureaux de Change Operators of Nigeria (ABCON) has expressed support for the Central Bank of Nigeria’s directive to banks to stop the use of domiciliary accounts as collateral for naira loans. President of ABCON, Aminu Gwadabe, revealed the association’s stance in a statement on Thursday, pointing out that the directive would not only boost liquidity in the …

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