…Says Bureau De Change operators fronting for bank executives
By Chris Udochukwu
Legal practitioner and political commentator, Daniel Bwala has said that the hard policy decisions against the Bureau De Change operators trying to game the system is commendable, proper and that he supports it 100 percent.
Bwala also alleged that some of these BDC operators are fronting for bank executives which explains his suggestion that there should be a reform in that respect just like the Enron scandal in the US.
He also debunked claims from a section of the online media (not Precise Post), that he asked for the sack of CBN governor as news media maliciously tried to do. Bwala clarifies that he said if Cardoso is not prepared for the outright reform of @officialABAT agenda he should be replaced with a Governor with no history of commercial banking background of pampering bank execs. That was exactly what Emefule allegedly did, he added.
Disclosing this via his X account, Bwala said:
“The hard policy decisions against the BDC operators trying to game the system is proper and I support it 100 percent.
Government needs to double down on that. It is also alleged that some of these BDC operators are fronting for bank execs which explains my suggestion that there should be a reform in that respect just like the Enron scandal in the US.
Secondly, I never asked for the sack of CBN governor as news media maliciously tried to do; I rather said if he is not prepared for the outright reform of @officialABAT agenda he should be replaced with a Governor with no history of commercial banking background of pampering bank execs. That was exactly what Emefule allegedly did.
I am fully in support of Cardoso implementing the full reform agenda of the administration. Nigeria must reclaim its glory.
