The Central Bank of Nigeria, CBN, has promised to prosecute Point of Sale, POS, operators who demand exorbitant charges on transactions.

The apex bank’s Governor, Godwin Emefiele, disclosed this during a meeting with members of the diplomatic corps. The CBN governor, who admitted that there have been some challenges over the Naira swap policy, gave a standing rule that  POS operators who charge above the stipulated amount will be prosecuted.

Godwin Emefiele

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. He also said that there is no going back on the February 10th deadline.

Story: Ralia Adama


February 15, 2023