The apex bank’s acting director of Corporate Communications, Sidi Ali, made this known in a statement on Thursday night.
The CBN stressed that there is a collusion between some Deposit Money Banks and Point-Of-Sale operators, affecting cash availability and disrupting the Naira’s seamless circulation.
Accordingly, CBN said it has commenced investigating the matter, warning banks and PoS operators to cease such acts or face sanction.
CBN’s reactions came as public outrage continued to mount over the scarcity of Naira to Nigerians while PoS operators harp on the opportunity to do brisk business.
CBN has also advised Nigerians to use alternative payment platforms and channel their complaints via a digital platform provided in the statement.
“The attention of the Central Bank of Nigeria has been drawn to alleged collusion between some Deposit Money Banks and Point-Of-Sale operators affecting the availability of cash and disrupting the seamless circulation of the Naira.
“The CBN frowns at such inappropriate actions by certain individuals and is investigating the reported cases capable of undermining the smooth running of the economy.
