The Central Bank of Nigeria (CBN) has released emergency telephone numbers to the public to report Point of Sales (POS) agents selling new naira notes or charging exorbitant fees for withdrawals.
The Director of CBN Governor’s Department, Mr Joseph Omayuku, advised members of the public to report erring PoS agents through the CBN contact centre and social media handles.
The scarcity of new naira notes has led to Nigerians rejecting old notes as legal tender, and some state governors have threatened to sue the Federal Government over the challenges in their respective states.
There have also been complaints of hitches in online payment platforms of banks, leading to failed transactions. However, the CBN official countered the analogy, saying it is “not as bad as to warrant rejection of transfer payments.” Governor Godwin Emefiele blamed the scarcity of new notes on unscrupulous bankers and members of the society trying to sabotage the policy, warning that such people would be sanctioned.
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