The Bankers’ Committee has said that Nigerians have begun to defraud the new forex regime, but customers who are defrauding the system will be reported to security agencies for them to be dealt with.
The Chief Executive Officers of banks said this during a virtual briefing monitored by THE WHISTLER.
Last month at the Monetary Policy Committee meeting of the Central Bank of Nigeria, the apex bank said it will no longer sell the weekly $20,000 to Bureau de Change operators due to gross misconduct.
But Nigerians are already introducing the tricks they used on BDCs, according to the forum for the chief executives of Nigerian banks.
The Managing Director of Access Bank, Herbert Wigwe said, “I think for me it is very straightforward; banks have in the past been criticised for not being able to handle PTAand BTA transactions.
“Just to let people know that we will still exercise diligence required, foregn exchange is a very scarce resource so, we find out people come to buy with tickets that are expired, tickets that are going to be cancelled.
“For instance, passports that are not legitimate by any way, we will report them to the law enforcement agencies for them to deal with those people.”
The Managing Director of Guaranty Trust Bank Segun Agbaje, said that under the new forex regime, the Bankers’ Committee is working to digitize the process