The Central Bank of Nigeria (CBN) has accused the Deposit Money Banks (DMBs) of colluding with Point of Sale (PoS) operators to disrupt the cash flow in the country.
The country has been hit another naira scarcity in the last few weeks with bank customers queuing in banking halls and Automated Teller Machine (ATM) points across the country in a bid to get cash.
In a statement issued on Thursday by its Acting Director of Communication and Public Relations, Sidi Ali, the CBN warned the DMBs and PoS operators to stop the criminal act or face sanctions.
The apex bank urged Nigerians to use alternative payment platforms for their transactions.
https://www.ripplesnigeria.com/cbn-alle ... cash-flow/
CBN alleges banks colluding with PoS operators to disrupt cash flow
(310 reads)
Share:
When money realizes that it is in good hands, it wants to stay and multiply in those hands 🤲💸💵💰
-
Jared
- Contact:
I'm not surprised.
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. đź’°
