US Just Designated Nigerian BDC in Fresh ISIS Financing Crackdown

So the US government just designated a Nigerian Bureau de Change operator in their latest ISIS financing crackdown. This is part of a deeper counterterrorism partnership they are building with Abuja. The news broke yesterday and it is already causing serious talk in the market here.

I have been saying this for years. The BDC system in this country is too loose. Anybody can set up shop and start exchanging dollars without proper checks. Now the US is coming for us directly. This will affect how we do business because if they start freezing accounts and blacklisting people, small traders like us will suffer the most. The real question is how many of these BDCs are actually involved in something they shouldn't be.

If this continues, naira will get worse because people will be scared to touch dollars. How are we supposed to survive when even our own government cannot regulate this market properly?