From Maiharaji Altine
The Controller, CBN Gusau branch, Malam Buhari Abbas has directed five banks to immediately release the new Naira notes to POS operators who have accounts in their banks, warning that any bank that issues old Naira notes would be sanctioned.
The banks are, Zenith Bank, Access Bank, UBA, First Bank and FCMB.
Speaking during a sensitisation workshop for POS operators at Maryam Hall Gusau, Malam Abbas stressed that any bank that failed to comply with the directive would be sanctioned.
He also asked the POS operators to report any bank that refused to comply with the CBN directive.
He however explained that only POS operators who have accounts with the five affected banks would benefit from the gesture.
He said that the POS operators could only collect N500, 000 daily and would not give a customer more than 10,000 per day.
He warned the POS operators to desist from charging their customers above the normal fee, adding that anyone caught collecting high charges would be arrested and prosecuted.
Malam Abba stressed that, the old Naira notes would continue to be spent until January 31, adding that the deadline would be 12 o’clock midnight on Tuesday 31st January, 2023.
Speaking at the occasion, the chairman of POS operators, Alhaji Kabiru Abubakar commended the CBN for the assistance it has been rendering to his people.
He called on the CBN to direct the commercial banks to release other denomination like N100, N50, N20, N10 and N5 so as to enable commercial activities to go smoothly.
He appealed to other POS operators who have not registered with the union to do so immediately to avoid losing many opportunities.
