Justice Chukwujekwu Aneke delivered the judgment on Wednesday, following Umar’s guilty plea to the charge brought against him by the Economic and Financial Crimes Commission (EFCC).
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The director of the financial policy and regulation department, Jonah Onojah recently announced the development, saying the waiver took immediate effect.
The Central Bank of Nigeria has again injected the sum of $210 million into the inter-bank Foreign Exchange Market to boost liquidity in the sector.
Alhaji Aminu Gwadabe, President, ABCON, told the News Agency of Nigeria in Lagos that the approval would enable BDCs to sell Personal and Business Travelling Allowances to its customers in Yuan.
The ABCON chief congratulated the CBN for its bravery in dealing with the market fundamentals proactively.