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Public warned on bogus money changers

14 February 2014, 12:30

Lagos – The Association of Bureau De Change Operators of Nigeria (ABCON) has urged members of the public to be wary of unregistered money changers who were in the habit of defrauding people.

The association said it had come to its attention that some fraudsters posing a bureau de change operators had set up shop to swindle people.

To checkmate the trend, the association said it has launched an operational manual that would guide the practice of every genuine bureau de change operator.

Speaking at the official launch of the operation manual in Lagos, Acting Chairman of ASCON, Mohammed Gbadebo, said the manual spell out what was required from every genuine operator in the sector and possible punishment for members who shortchanged customers.

The executive also noted that the association had launched a website where members of the public can check and verify if a bureau de change operators were genuine.

He urged members of the public to regularly visit the website for information on any of its members and to get useful tips on how to avoid being swindled.

“We are genuinely concern about what is happening in our business circle. A lot of people are been shut changed by fake operators and this is robbing off on genuine ones. The operational manual we launched today is to guide our practice while the website will help members of the public to check and find out if an operator he or she is dealing with is genuine or not,” he said.

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