…Provides Digital Feedback Box to address complaints
The Central Bank of Nigeria (CBN) says it has been made aware of “alleged cases of collusion between some Deposit Money Banks (DMBs) and Point-Of-Sale (PoS) operators affecting the availability of cash and disrupting the seamless circulation of the Naira.”
In a statement by Sidi-Ali, Hakama (Mrs.), its Ag. Director, Corporate Communications, the apex Bank said it “frowns at such inappropriate actions by certain individuals and is investigating the reported cases capable of undermining the smooth running of the economy.”
It, therefore, “warned banks and PoS operators to desist from such activities as relevant sanctions shall be meted out to those found wanting.”
It also 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 or via the link: https://forms.office.com/r/frZJ0f2hFQ to address complaints and inquiries on the subject.
