In many of the countries abroad, you cannot go to the banks or a Bureau de change and exchange foreign currency except you present your Identification or your Passport.
Is it done the same way here in Nigeria?
Why is the CBN not concerned about this by asking the banks and especially BDC to request a form of identification before the currency exchange?
This shows we still have a long way to go as a nation.
That’s why these few people are merely speculating and dictating the exchange rate without any economic factors.
These few people are faceless because they cannot be traced to any legitimate business and the bank executives and staff are also the bigger thieves in this illegal transactions.