POS operators charging above N200 to be arrested: CBN
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has vowed to arrest and prosecute Point of Sale agent charging above 200 naira for cash swap.
The apex bank governor stated this on Tuesday during his visit to the Ministry of Foreign Affairs to discuss the new currency redesign and bank policy.
He noted that things have improved significantly with the introduction of over-the-counter payments in addition to ATM withdrawals and the use of Super-agents.
Mr Emefiele reiterated that there was no going back on the February 10 deadline to swap currencies.
The Supreme Court had earlier issued a temporary restraining order against the federal government, CBN and banks, preventing them from implementing the February 10 deadline for the currency swap.
Also, last week, the International Monetary Fund (IMF) advised the CBN to consider extending the February 10 deadline for swapping old naira notes.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Anti-Corruption
Nine suspects arrested in FBI’s latest operation against Yahoo Boys in Nigeria
The FBI boss made the disclosure on Sunday.
NationWide
Nigeria edge Uganda by 1 run to win Cricket World Cup Africa qualifier
Nigeria scored 148 runs in 19.4 overs before restricting Uganda to 147 for nine in 20 overs at the Nigeria Cricket Federation (NCF) Oval 1 on Sunday.
Heading 1
NiMet predicts three-day dust haze, thunderstorms nationwide from Monday
For Wednesday, the agency forecast sunny and hazy conditions across the northern region throughout the day.
Health
Ebola: Kebbi intensifies surveillance at airport, borderÂ
Mr Abubakar stressed the state government’s commitment to protecting residents through proactive disease surveillance.
NationWide
Osoba celebrates veteran journalist Bonuola at 80
Mr Osoba described Mr Bonuola as a serious minded intellectual.
NationWide
SDP presidential candidate seeks balanced media coverage of political parties
Mr Adebayo urged political parties to present clear policy proposals to address the country’s challenges.
