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

Assembly Lauds ECEWS, Aviclaire Climate-Smart Agriculture Initiative in A’Ibom

By Ogenyi Ogenyi, UyoThe has commended a climate-smart agriculture...

Peter Obi Reacts to Edo Incident, Says Experiences of Lawlessness ‘Not New’

Former presidential candidate Peter Obi has said that experiences...

IHR Congratulates NAHCON Chairman, Calls for Rebranding and Operational Reforms

By Jabiru Hassan(IHR), a registered faith-based civil society organisation...

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...

Tinubu Nominates Taiwo Oyedele as Minister of State for Finance

President Bola Tinubu has nominated Dr. Taiwo Oyedele as...

Related Articles

Popular Categories

spot_imgspot_img