Home / Business and Economy / Azimo, Transfer Wise not registered IMTOs; Don’t patronize them – CBN

Azimo, Transfer Wise not registered IMTOs; Don’t patronize them – CBN

Godwin Emefiele, CBN Governor

The Central Bank of Nigeria, CBN, has said that Messrs. Azimo and Messrs. Transfer Wise, both of which are said to be transacting business as International Money Transfer Operators (IMTOs) are not licensed by the nation’s apex bank to do so.
A statement by Osita Nwanisobi Ag. Director, Corporate Communications of CBN, has, therefore, advised members of the public to beware of the activities of the two entities and desist from patronizing them as anyone who does, does so at their own risk.

Full text The attention of the Central Bank of Nigeria (CBN) has been drawn to the activities of Messrs. Azimo and Messrs. Transfer Wise, both of which are purportedly transacting business, albeit unauthorised, as International Money Transfer Operators (IMTOs).
The Bank wishes to notify the general public that neither Messrs. Azimo nor Messrs. Transfer Wise is licensed by the Central Bank of Nigeria to operate as an International Money Transfer Operator (IMTO).
The Public is therefore advised to beware of the activities of Messrs. Azimo and Messrs. Transfer Wise and desist from patronizing the companies forthwith.
Anyone who patronizes the unregistered companies, does so at his or her own risk.
Osita Nwanisobi Ag. Director, Corporate Communications

About Global Patriot Staff

Check Also

Fidelity partners ImpactHER to empower 1,052 female entrepreneurs with sales skills

Fidelity Bank, a leading financial institution in Nigeria, has collaborated with ImpactHER to support 1,052 …

Leave a Reply

Your email address will not be published. Required fields are marked *