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

Athletic Club Appoint Edin Terzic as New Head Coach

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

Kaduna Marks World Press Freedom Day, Reaffirms Commitment to Media Independence

By Achadu Gabriel, KadunaKaduna State has reaffirmed its commitment...

Langtang South Youths Demand Retention of House of Reps Seat

By Israel Adamu, JosA coalition of youths and stakeholders...

PDP Crisis: Wike Challenge Turaki led- Rival Faction to Commence operational Secretariat

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

Northern Christian Leaders Caution Wike Over Jabi Lake Controversy

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

CHAN CEO, Ex-US Military Officer Give Reasons Nigeria’s Insecurity Persists

...Say Country Can Win the WarBy Achadu Gabriel, KadunaThe...

2027: Oborevwori Reshuffles Cabinet as Two Commissioners Resign

By Anne AzukaDelta State Governor, Rt. Hon. Sheriff Oborevwori,...

REWARDING POOR PERFORMANCE WITH ANOTHER TERM HINDERS PROGRESS – ORETTE

· INSISTS UNINFORMED PEOPLE CAPTURED POWER FOR PLUNDER IN...

Warrens, Aminu Assume Duty as Permanent Secretaries in OSGF

By Francis WilfredThe Office of the Secretary to the...

Official Appellation of President Bola Ahmed Tinubu

The Office of the Secretary to the Government of...

Democracy Must Thrive in Nasarawa — Giza Declares for Governor on ZLP Platform

From Abel Zwanke, LafiaA frontline governorship aspirant in Nasarawa...

Kaduna Contractors Write Police, Dissociate Selves from Alleged N30bn Unpaid Debt Protest

By Achadu Gabriel, KadunaThe Contractors Association of Kaduna State,...

BYERA To Engage Stakeholders On Electricity Market Regulations

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

Related Articles

Popular Categories

spot_imgspot_img