VP Shettima Urges CBN, Banks to Tackle Arbitrary POS Charges Immediately

Vice President Kashim Shettima has urged the Central Bank of Nigeria and commercial banks to take immediate action to address high and arbitrary charges imposed by Point-of-Sale (PoS) machines at banks. This comes as concerns over these charges continue to grow.

Vice President Kashim Shettima has urged the Central Bank of Nigeria (CBN) and commercial banks to take immediate action to address growing concerns over arbitrary Point-of-Sale (PoS) charges imposed on consumers in Nigeria. The arbitrary fees, which are often charged by bank operators, have been a point of contention for many Nigerians who feel they are unjustly high and unjustified. Shettima's call comes as the government seeks to protect citizens from unfair market practices. The CBN and banks are under pressure to review their PoS policies and ensure that consumers receive transparent and fair treatment.