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

Court Jails Man for Naira Abuse in Enugu

By Francis WilfredJustice of the Federal High Court sitting...

Bayelsa Creek Stakeholders Endorse Diri, Seek 2027 National Assembly Slot

Stakeholders from creek communities in Sagbama Local Government Area...

Toyin Abraham Unfollows Funke Akindele After Viral Moment at Movie Premiere

Nollywood actress Toyin Abraham has unfollowed fellow actress Funke...

EFCC Chairman Backs UNODC Programme Targeting Corruption, Illicit Financial Flows

By Wilfred FrancisChairman of the Economic and Financial...

CACOL Criticises National Assembly Over Loan Approvals, Demands Transparency

The Centre for Anti-Corruption and Open Leadership (CACOL) has...

China, Pakistan Unveil Five-Point Initiative for Peace in Gulf and Middle East

China, Pakistan Unveil Five-Point Initiative for Peace in Gulf...

Wike Targets May Completion of Abuja Road Projects for Tinubu’s Anniversary

By Joyce Remi BabayejuThe Minister of the Federal Capital...

NIPSS, NTDA to Partner on Advancing Nigeria’s Tourism Sector

By Joyce Remi BabayejuParticipants of the Senior Executive Course...

CS SUNN Congratulates Nasarawa State Over Approval of Six Months Paid Maternity Leave

By Joyce Remi- BabayejuIn a significant milestone in maternal...

Bayelsa Creek Stakeholders Endorse Diri, Seek 2027 National Assembly Slot

Stakeholders from creek communities in Sagbama Local Government Area...

Kogi Awards Contract for 9km Dualisation of Airport Road

From Noah Ocheni, LokojaThe Kogi State Government has approved...

FG to Collaborate with AGFAN to Boost Economic Development

By Francis WilfredThe Federal Government has reiterated its readiness...

Related Articles

Popular Categories

spot_imgspot_img