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CBN alleges banks colluding with PoS operators to disrupt cash flow

Posted: December 22nd, 2023, 3:48 pm
by CarolinaBaby1
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

Posted: December 22nd, 2023, 4:10 pm
by Jared
I'm not surprised.

CBN alleges banks colluding with PoS operators to disrupt cash flow

Posted: December 24th, 2023, 11:35 am
by YoungA
I'm not surprised too, all these started during the Naira redesign and scarcity.

CBN alleges banks colluding with PoS operators to disrupt cash flow

Posted: December 24th, 2023, 12:38 pm
by Ernest
Nice one

CBN alleges banks colluding with PoS operators to disrupt cash flow

Posted: December 27th, 2023, 2:08 pm
by Greatness
As usual, blame games.

CBN alleges banks colluding with PoS operators to disrupt cash flow

Posted: December 27th, 2023, 2:20 pm
by Ernest
We are in cash scarcity

CBN alleges banks colluding with PoS operators to disrupt cash flow

Posted: December 31st, 2023, 8:48 pm
by Ernest
Okay