Bank Directors Association of Nigeria clarifies individual director opinions on foreign exchange windfall tax differ from its official stance, awaiting board meeting on August 12.

Bank Directors Association of Nigeria (BDAN) clarified that personal opinions of some bank chairmen on the proposed foreign exchange windfall tax do not represent the collective position of BDAN, and that their official stance will be communicated after their board meeting on August 12. Recently, FBN Holdings chairman Femi Otedola and United Bank for Africa chairman Tony Elumelu publicly supported the proposed tax.

August 04, 2024
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