…Provides digital feedback box to address complaints
The Central Bank of Nigeria (CBN), yesterday, warned some Deposit Money Banks (DMBs), and Point-Of-Sale (PoS) operators against hoarding of the Naira.
The warning followed reports of alleged cases of collusion among the operators amid current scarcity of the banknotes.
CBN in a statement issued by the Ag. Director, Corporate Communications, Mrs Hakama Sidi-Ali, noted that an unethical practice is affecting the availability of cash and disrupting the seamless circulation of the Naira.
The statement reads further; “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.”
The warning comes even as the apex bank urged members of the public “to use alternative payment channels as well as report any case of unauthorized activities, such as capping and hoarding, by banks or PoS agents to the CBN branch in their locations.”
Such reports are to be channeled through: https://forms.office.com/r/frZJ0f2hFQ to address complaints and inquiries on the subject.
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.
