Governor of the Central Bank of Nigeria, on Tuesday, warned Point of Sale (PoS) operators charging above N200 for the cash swap programme to desist or risk being arrested and jailed, if caught.
Director, Governor’s Department, CBN, Joseph Omayuku, gave this warning while briefing journalists in Yenagoa, Bayelsa State.
Omayuku said it’s illegal for the the PoS operators to sell naira notes for naira notes to buyers.
This is coming against the backdrop of the rejection of online payments by some business operators, including petrol stations and supermarkets.
The apex bank director said, “The operational arrangement for payment agents is that they take a commission for transactions and this commission is not more than N100 or N200 for transactions of up to N10,000.
“But we have heard of cases where people are being charged N1,000 or N2,000.
“This is certainly fraudulent; this is a rogue operation.
“So, the security agencies will be very active this week, going forward.”