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New Naira: POS Agents Charging Above N200 Will Be Jailed – CBN
The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele has warned that the Point-of-Sale (POS) agents charging above N200 for cash swaps will be arrested and jailed when caught.
He said this on Tuesday during a visit to the Ministry of Foreign Affairs, to discuss the monetary and currency redesign policy of the bank.
He said, “The situation is substantially calming down since the commencement of over-the-counter payments to complement ATM disbursements and the use of super-agents.
“There is, therefore, no need to consider any shift from the deadline of February 10.”
The Supreme Court had restrained the Federal Government from implementing the February 10 deadline for the currency swap.
A seven-man panel of the apex court led by Justice John Okoro, in a unanimous ruling, granted an interim injunction restraining the Federal Government, the Central Bank of Nigeria and commercial banks from implementing the Friday terminal date for the old naira notes.
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