How to report POS agents selling new naira notes – CBN

The Central Bank of Nigeria (CBN) has released emergency telephone numbers to the public to officially report erring Point of Sales (POS) agents selling new naira notes and those selling charging exorbitantly for withdrawal.

The Director, CBN Governor’s Department, Mr Joseph Omayuku, made this known during a briefing with journalists in Yenagoa, Bayelsa State capital on Tuesday.

While warning syndicates engaging in illegal practices to desist forthwith, Omayuku advised members of the public to report erring PoS agents by reaching out to the CBN contact centre on 07002255226; Telephone Ext: 711025 – 7; contactcbn@cbn.gov.ng and its social media handles.

Makesense Promotions gathered that, The scarcity of the new naira notes has been biting Nigerians so hard, with many rejecting the old notes as legal tender, while some state governors have resolved to sue the Federal Government for the challenges experienced in their respective states.

Despite the hardship with the redesign policy, there are still complaints of hitches in online payment platforms of banks leading to failed transactions.

Observers said the hitches occur because digital platforms are not strong enough to accommodate the surge of electronic transactions in recent times as people resort to online payments in response to the scarcity of cash.

Those who reject online payments cite challenges associated with it as reasons.

The CBN official, however, countered the analogy, saying it is “not as bad as to warrant rejection of transfer payments.”

Meanwhile, Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele on Tuesday told the Diplomatic Corps that an extension of the February 10 deadline for the circulation of the redesigned N200, N500 and N1, 000 notes was unnecessary.

He blamed the scarcity of the new notes on the activities of some unscrupulous bankers and members of the society, who were trying to sabotage the policy, warning that such people would be sanctioned along with Point of Sales, POS, operators imposing heavy charges on customers.

The CBN governor said: “PoS agents who are supposed to help are getting involved in these activities.
‘’We have EFCC, ICPC working with our monitoring team to arrest any PoS agent that charges any fee because we have made it clear that whatever is their fee, which is not meant to be more than N200 for any amount you exchange that we, CBN, will pay as part of our effort to lessen the burden of this problem.”

https://makesensepromotions.com/how-to-report-pos-agents-selling-new-naira-notes-cbn/

You're doing well Mr Godwin Emefiele . President Buhari and millions of Nigerians are solidly behind you on this one

Nice one CBN. Ban the said pos let money go to bank

Mumu CBN

PsTar2021:
Mumu CBN

No room for vote buying in this election, let everybody go to the poll and test there popularity

Nigeria is in a sorry state today because Tinubu and his likes believe wether APC performed well or not, they will buy votes and win election . We must put a stop to vote buying any way possible

POS Operators should just go on strike for a week and let's check something.

All these Buhari apologists are blaming the victims instead of the oppressors.

POS Agents pay N120,000 to collect N100,000 from vendors and resell at N1,250 for N1,000 and instead of descending on the vendors and bankers, the CBN and the Masses turn to those low strata of the society doing the POS.

It's viral ooo

this is good

MadamExcellency:
POS Operators should just go on strike for a week and let's check something.

All these Buhari apologists are blaming the victims instead of the oppressors.

POS Agents pay N120,000 to collect N100,000 from vendors and resell at N1,250 for N1,000 and instead of descending on the vendors and bankers, the CBN and the Masses turn to those low strata of the society doing the POS.

Stop all this talk.

for there to be a seller, there must be a buyer.

pos operator should stop buying naira, the sellers will stop automatically. it's common sense. We are our greatest enemies and so selfish in this part of the world, always thinking of me, I and myself only.

Well said. You took it completely outta my mouth bro.

OfficialP:


Stop all this talk.

for there to be a seller, there must be a buyer.

pos operator should stop buying naira, the sellers will stop automatically. it's common sense. We are our greatest enemies and so selfish in this part of the world, always thinking of me, I and myself only.

MadamExcellency:
POS Operators should just go on strike for a week and let's check something.

All these Buhari apologists are blaming the victims instead of the oppressors.

POS Agents pay N120,000 to collect N100,000 from vendors and resell at N1,250 for N1,000 and instead of descending on the vendors and bankers, the CBN and the Masses turn to those low strata of the society doing the POS.

A POS operator in my area said he bought #100k new #1k notes in a bank.It is the banks that should be sanction.Besides,are the new notes available enough to go round?

Stresst process