The Governor of the Central Bank of Nigeria (CBN) has warned that Point of Sale (PoS) operators who charge above N200 for the cash swap programme will be arrested and jailed if caught.
The Director, Governor’s Department, CBN, Joseph Omayuku, stated this while briefing journalists in Yenagoa, Bayelsa State.
The sale of naira notes has increased as some business operators, supermarket and filling stations reject online transactions.
Omayuku said that the operational arrangement for payment agents is that they take a commission for transactions and this commission is not more than N100 or N200 for transactions of up to N10,000.
He said that instead they have heard of cases where people are being charged N1,000 or N2,000, which is fraudulent and a rogue operation.
He said that to that effect, the security agencies will be very active this week, going forward
