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

Airports, Drug Syndicates, and Nigeria’s Global Reputation

By Tahir WaliNigeria’s airports are more than transit points;...

Witness Alleges NSITF Contract Was Awarded to Non-Bidding Company in Ngige Trial

A prosecution witness has told the Federal High Court...

President Tinubu Hails Plateau’s Political Realignment with APC

By Israel Adamu, JosPresident Bola Ahmed Tinubu has hailed...

National Youth Alliance Inaugurates State Chairmen, Launches Digital Portal

The National Youth Alliance (NYA) has inaugurated chairmen for...

Doctor says I have only weeks left to live — Singer Ray J

American singer and reality television personality Ray J says...

Excitement as TETFund begins construction of Abuja Leadership Centre

The Vice-Chancellor of Yakubu Gowon University (formerly the University...

Civil Society Groups Commend Senator Jarigbe’s Performance, Urge Responsible Public Discourse

Civil Society Groups for Good Governance (CSGGG), an alliance...

Women Group Backs Senator Jarigbe with Vote of Confidence

By Joyce Remi-BabayejuA Cross River State based Women professionals...

NSCDC Launches Gender Policy II to Promote Inclusive Security Operations

The Nigeria Security and Civil Defence Corps (NSCDC) has...

Bandits Abduct Two Sisters in Southern Kaduna Community

Bandits have attacked Maraban Rido community in Chikun Local...

Bauchi State at 50: Dogara Salutes Cradle of Excellence

Fifty years after its creation in 1976, Bauchi State...

Prof. Ali Pate Calls on Scientists to transform Nigeria into Clinical Ecosystem

By Joyce Remi-BabayejuAs renowned global Scientists and researchers gathered...

Related Articles

Popular Categories

spot_imgspot_img