Enforcement · CBN · 20 Nov 2006 · TED/FEM/GEN/FPC/01/03

Embargo on Foreign Exchange Facilities

The Central Bank of Nigeria has placed two Bureaux De Change companies, Bankson Bureau De Change Limited and Confidence Bureau De Change Limited in Onitsha, under a foreign exchange embargo. As a result, no foreign exchange transactions are to be made by Authorised Dealers/Buyers or the general public on behalf of these firms until further notice. This decision has been taken by O.O. Akanji, Director of the Trade & Exchange Department.

NigeriaCentral Bank of Nigeria

Tel: 09-61637804 Fax: 00-61637802 November 13, 2006 Central Bank of Nigeria Central Business District P.M.B. 0187 Garki, Abuja E-mail address:ted@cenbank.org TED/FEM/GEN/FPC/01/01 All Authorised Dealers, Authorised Buyers and The General Public EMBARGO ON FOREIGN EXCHANGE FACILITIES This is to inform all Authorised Dealers and Buyers and the General Public, that the under listed Bureaux De Change Companies are hereby placed on foreign exchange embargo:

Bankson Bureau De Change Limited 23A New Market Road Onitsha, and 2. Confidence Bureau De change Limited 20 Okwei Road Onitsha Consequently, all Authorised Dealers/Buyers and the General Public are advised that with immediate effect, no foreign exchange transaction, including sale and transfer of funds should be made to or on behalf of the companies until the embargo is lifted.

O. O. AKANJI (MRS.)
DIRECTOR
TRADE & EXCHANGE DEPARTMENT

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