POS
CBN sets N100,000 daily maximum cash-out limit for PoS operators
The Central Bank of Nigeria (CBN) has introduced a new policy to strengthen its drive towards a cashless economy, setting a daily maximum transaction cash-out limit of N100,000 per customer for agency banking operators, also known as Point of Sale (PoS) operators. This directive, outlined in a circular issued on Tuesday by the CBN’s Payments […]
How N4m ransom passed through my account – PoS operator
In a developing case of a suspected kidnap ransom transaction in Delta State, a yet-to-be-identified Point of Sale operator has spoken out, claiming she was unaware of the criminal activities behind a 4 million Naira deposit into her account. The operator was questioned in a video by the Public Relations Officer for Delta State Police […]