The apex bank, in a statement on Thursday, urged members of the public to report infractions, especially hoarding of Naira by Banks and POS operators, in their areas to the nearest branch to the apex bank.
The statement signed by the Ag. Director of Corporate Communications, Mrs.Hakama Sidi-Ali, reads in full, “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.
“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.
from Vanguard
I wish they should just act instead of threatening them. What they are doing is very bad. How can a POS near a bank have cash to sell yet the bank does not have cash at their atm It's time we start holding people responsible for their actions.
ReplyDeleteQuite absurd 😤
DeleteYou see this country I no just understand, why do we enjoy making people go through pain. Still mansion them no get.
ReplyDeleteBlessing no follow money gotten through wickedness
DeleteThats very good,thats wat thoes banks needs now.
ReplyDeleteVery annoying. The maximum you can withdraw from your own account in Uromi is N20,000. If you need more cash, you have to keep coming everyday. CBN should sanction banks please, they are creating artificial scarcity of cash.
ReplyDeleteBodiaye
DeleteUnegbe?
DeleteOrniwena?
This is why I don't patronize POS vendors, never! The trauma of Emiefele is still fresh in my memory.
ReplyDeleteIt's the way these banks act like they care whereas they're so wicked and selfish. Very annoying set of people.
Are they still talking or they are supposed to be taking action?
ReplyDeleteThe CBN better be effective with whatever actions they want to take.
ReplyDeleteThis POS vendors need to be sanction , their own too much.
ReplyDeleteI tell you, cause I see no reason why my bank can't give me 50k but POS can. Also those ones that change mint at parties, they have 10million cash at hand all mint but you can't get 10k mint at the bank. It is so krazy.
ReplyDeleteBank doesn't give money above #5000. Nigeria with so many problems.
ReplyDeletePlease act fast,most of the POS vendors are extremely wicked. 🙄🙄🙄
ReplyDeleteWhy should POS be operating when there is a bank? See ehn , even as a citizen we are wicked!
ReplyDeleteLack of order in a nation.
DeleteYou are waiting for us to report.
ReplyDeleteCBN and Banks know what they are doing. 80% of the Pos operators get cash from fuel stations and give them money too for the cash they receive from them.
ReplyDeleteNa them sabi always doing audio sanction without effect
ReplyDeleteToothless bulldog @CBN
ReplyDelete