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

‘Stay Away from Man United’ — Osimhen Gets Arsenal, Barcelona Transfer Advice

Victor Osimhen has reportedly been advised to avoid a...

Athletic Club Appoint Edin Terzic as New Head Coach

Athletic Club have confirmed the appointment of Edin Terzic...

Oyo NUT Elects New Executives

The Nigerian Union of Teachers (NUT), Oyo State wing,...

NDC Elects Delta Executives, Pledges to Build Support Ahead of 2027 Elections

By Anne AzukaThe Nigeria Democratic Congress (NDC) in Delta...

SDP Holds Peaceful State Congress in Delta, Calls for Fresh Political Direction

By Anne Azuka The Social Democratic Party (SDP) in Delta...

BYERA To Engage Stakeholders On Electricity Market Regulations

The Bayelsa State Electricity Regulatory Agency (BYERA) has scheduled...

PASAN Bayelsa Hosts Zonal Week, Hails Speaker Ingobere

The Parliamentary Staff Association of Nigeria (PASAN), Bayelsa State...

Alleged ₦80.2bn Kogi Fraud: Witness Narrates Cash Payments for Maitama Property Project

By Francis WilfredA prosecution witness, PW14, Shehu Bello, has...

Northern Christian Leaders Caution Wike Over Jabi Lake Controversy

Say Politics Is Not a Licence to Disrespect GodBy...

SDP Holds Peaceful State Congress in Delta, Calls for Fresh Political Direction

By Anne Azuka The Social Democratic Party (SDP) in Delta...

Plants, Animals Face Rising Risk of Extinction as Expert Calls for Global Action

By Achadu Gabriel, KadunaPlants are among the most important...

Oyo NUT Elects New Executives

The Nigerian Union of Teachers (NUT), Oyo State wing,...

Just In: Northern Youth Association Condemns Sealing of ACF Headquarters

Describes Action as Illegal, Calls for Legal RedressUrges ACF...

Related Articles

Popular Categories

spot_imgspot_img