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

Nasarawa Secures $1.008 Billion in Domestic, Foreign Investments

By Abel Zwanke, LafiaNasarawa State secured domestic and foreign...

Plateau Killings: Gov Mutfwang Urges Residents to Avoid Reprisals, Maintain Peace

Plateau State Governor Caleb Mutfwang has called on residents...

FG flags Off Niger Wing of Presidential One – Poverty Reduction Response Programme

By Joyce Remi - BabayejuThe Federal Government has flagged...

Policie nab child abductor in A’ibom

By Ogenyi Ogenyi,UyoThe Police in Akwa Ibom has arrested...

EFCC Arraigns Two Bankers Over Alleged $306,667 and €50,250 Fraud in Lagos

By Francis WilfredThe Economic and Financial Crimes Commission...

Court Adjourns in Yahaya Bello Trial to Rule on Property Documents

By Francis WilfredThe Federal High Court in Abuja...

Unfulfilled Political Promises Must End, Wike Tells Bwari Residents

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nyesom Wike has...

NOA, NAFDAC,FCCPC Flag- Off Joint Campaign Against Sachet Alcoholic Drinks

By Joyce Remi- BabayejuIn a collaborative effort, the National...

A’Ibom clears N39bn inherited bank debts

By Ogenyi Ogenyi, UyoAkwa Ibom State government has said...

AI firm raises $30,000 from Pre-Seed Funding in Nigeria,UK

By Ogenyi Ogenyi,UyoA Nigerian artificial intelligence startup, building automation...

Cristiano Ronaldo Departs Saudi Arabia for Madrid Amid Regional Tensions

Al-Nassr captain Cristiano Ronaldo has reportedly left Saudi Arabia...

Emmanuel Anosike Emerges Anambra APC Chairman

A former senator representing Anambra North, Emmanuel Anosike, has...

Related Articles

Popular Categories

spot_imgspot_img