Scam: Banks Get CBN Order to Publish Names, BVNs of FX Policy Defaulters
US DOLLAR BUNDLES
Commercial banks in the country have been directed to publish names and BVNs of customers involved in sharp practices that circumvent the policy on foreign exchange transactions.
The directive which was issued by the Central Bank of Nigeria is contained in the apex bank’s circular dated August 30.
According to the CBN, some of the customers had used fake visas to obtain forex officially from the banks.
The customers also after receiving the forex at official rate also cancelled their tickets after purchase of PTA/BTA.
In a statement, the Director, Banking Supervision Department, Mr. Haruna Mustafa, said the CBN is out to check this trend, adding that without doing so the integrity and stability of the forex policy would be at risk.
The banks, the apex bank directed are to publish all the names, BVNs of customers who presented fake travel documents to be able to buy forex but cancelled their tickets thereafter yet failed to return the PTA and BTA earlier purchased.
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