Nwapa also asked the anti-graft agency to arrest people in different financial institutions across the country making Nigerians buy naira in their own country….READ FULL ARTICLE
A human rights activist, Francis Nwapa, has asked the Economic and Financial Crimes Commission (EFCC) to stop Point of Sale operators (POS) from buying naira from financial institutions and individuals and reselling to Nigerians with high charges.
Nwapa also asked the anti-graft agency to arrest people in different financial institutions across the country making Nigerians buy naira in their own country.
The activist said that making Nigerians buy naira in their country is the worst form of naira abuse. He, therefore, urged the relevant authorities to ensure that Automated Teller Machines (ATMs) across the country work effectively and efficiently.
Making the demand in a post on his X account on Sunday, Nwapa said, “Some people somewhere within the financial institutions & ensuring Nigerians are buying Naira in their own country.
Some people somewhere within the financial institutions & ensuring Nigerians are buying Naira in their own country. This is the worst Naira abuse. EFCC this is your responsibility, stop the POS buying of Naira! Make Bank ATMs work! @cenbank @officialEFCC @NGRSenate @officialABAT
— Francis Nwapa (@FNwapa) April 28, 2024
“This is the worst Naira abuse. EFCC this is your responsibility, stop the POS buying of Naira! Make Bank ATMs work!”
It would be recalled that since the naira scarcity that hit Nigeria in 2023 following the naira redesign policy of former President Muhammadu Buhari’s administration, many bank ATMs have not returned to their full service of dispensing cash to customers across the country.
Since the naira scarcity birthed by the redesign policy by the Central Bank of Nigeria (CBN) under the leadership of the embattled former Governor Godwin Emefiele, most Nigerians have been at the mercy of POS operators to get naira notes. However, it comes with charges....READ FULL ARTICLE
