Economy
…provides digital feedback box to address complaints
THE Central Bank of Nigerian, CBN, has cautioned commercial banks and point of sale operators from alleged hoarding of Naira notes.
Sidi-Ali Hakama, acting director, Corporate Communications, CBN, stated this in a statement on Thursday, December 21, stating that: “The attention of the Central Bank of Nigeria (CBN) has been drawn to alleged cases of collusion between some Deposit Money Banks (DMBs) and Point-Of-Sale (PoS) operators affecting the availability of cash and disrupting the seamless circulation of the Naira.
According to her, “The CBN frowns at such inappropriate actions by certain individuals and is investigating the reported cases capable of undermining the smooth running of the economy.”
The CBN has, therefore, warned banks and PoS operators to desist from such activities as relevant sanctions shall be meted out to those found wanting, the statement said.
Meanwhile, members of the public are encouraged to use alternative payment channels as well as report any case of unauthorized activities, such as capping and hoarding, by banks or PoS agents to the CBN branch in their locations or via the link:
https://forms.office.com/r/frZJ0f2hFQ to address complaints and inquiries on the subject.
A.
-December 22, 2023 @ 08:45 GMT|
Tags: Central Bank of Nigeria Sidi-Ali Hakama
