Association of Bureaux De Change Operators of Nigeria say it frowns at the level of rapid depreciation of Nigeria currency, Naira in the market.
It stated this in a memo sent to their members titled, “AII ABCON MEMBERS NATIONWIDE noting that this depreciation will serve as serious setback to the economy of the country.
“This is to inform you that the CBN have observed with dismay and called to seriously frown at the recent happening in the market.
The Apex Bank has seriously expressed their displeasure over such a wide Naira depreciation in the market, even at the nick of the resumption of dollar sales to our members.
We therefore, appeal to our members not to fall to the observed temptation as the CBN said is unacceptable and will soon come out with measures that can lead to huge loses for hoarding and speculation.”
In a bid to curb the excesses of the damage this could cause on the economy of the country, chairmen of the organization have prepared to organize webinar meeting in order to sensitize their about the threatening humiliation.
“Pls my people, let us talk to ourselves, to avoid our integrity being thrown to the wind as we await the CBN surprises.
On this note, our Chairmen have been directed to arrange for a webinar meeting for all their zonal members urgently to inform them about the threat we could be facing if the current development does not stop.