x

CBN Vows to Prosecute POS Operators Over Exorbitant Charges

The Central Bank of Nigeria (CBN) has promised to prosecute Point of Sale (POS) operators who demand exorbitant charges on transactions.

This was disclosed by the apex bank’s Governor, Godwin Emefiele during a meeting with members of the diplomatic corps. Emefiele who admitted that there’s been some challenges over the Naira swap policy, said the POS operators to be prosecuted are those who charge above the stipulated amount.

Emefiele also said that while this is a challenging time for Nigerians, things shouldn’t be exaggerated especially by people in authority to create panic.

Hot this week

Bishop Adegbite Pulls Christians to Virtues of Christ at Christmas

By Joyce Remi-BabayejuThe Executive Secretary of the Nigerian Christian...

“Anything Is Possible” — Ayden Heaven Backs United’s Big Ambitions After Newcastle Win

Manchester United defender Ayden Heaven has insisted the club...

A’ibom LGAs still poverty centres-CHRAN

By Ogenyi Ogenyi, UyoCenter for Human Rights and Accountability...

Obi Dumps Labour Party for ADC, Rallies Opposition Ahead of 2027

Former Labour Party presidential candidate in the 2023 general...

VeryDarkMan Reacts After Spotting Seyi Tinubu’s Poster in Morocco

Social media activist Martins Otse, popularly known as VeryDarkMan,...

10 States Plan N4.3tn Borrowing to Fund 2026 Budgets

Ten states are planning to raise about N4.287tn through...

PDP Crisis Can Be Resolved in One Week — Olawepo-Hashim

A former presidential candidate of the Peoples Democratic Party...

Baiting the Dragon’s Fire: U.S- Taiwan Arms Deal Sparks China’s Fury

By Dr. Austin MahoThe US recently approved an $11.1...

Related Articles

Popular Categories

spot_imgspot_img