BDC operators to end feud, support naira’s policy

THE move to resolve the lingering crisis bedeviling the umbrella body of Bureaux De Change (BDC) operators- Association of Bureaux De Change Operators of Nigeria (ABCON), may have hit the top gear.

  Rising from a stakeholders meeting of the group in the South West zone, the operators adopted four resolutions aimed at restoring peace to the association.   

  Since last year, some members of the association’s Board of Trustees and the Executive Council have been locked in legal battles, which have grounded its operations.

  But some concerned BDC operators, under the aegis of BDC Stakeholders Committee in South West, convened a meeting in Lagos, to proffer solutions to the lingering feud.

  The Chief Executive Officer of A&S BDC and a member of the Stakeholders’ Committee, Abdul Rasheed Amao, said that the leadership crisis had denied BDC -operators a voice to speak on their behalf at a time such voice was needed most. 

  He said the meeting was convened to allow BDC operators brainstorm on the way out of the leadership crisis. 

  Consequently, BDC operators at the meeting, in a four-point resolutions, called the warring members of the Board of Trustees and the Executive Council to withdraw the court case at the Supreme Court and settle amicably. 

  They also called for an Emergency General Meeting of all stakeholders nationwide, mandated the committee to develop the agenda of the proposed meeting, while it appointed members to resolve the lingering issue.  

  However, the stakeholders resolved to checkmate the falling fortune of the naira in support of the monetary policies of the Central Bank of Nigeria.