|
Getting your Trinity Audio player ready...
|
The Central Bank of Nigeria (CBN) on Wednesday, December 16 said its attention has been drawn to the activities of Azimo and Transfer Wise, “both of which are purportedly transacting business, albeit unauthorised, as International Money Transfer Operators (IMTOs).”
“The Bank wishes to notify the general public that neither Messrs. Azimo nor Messrs. Transfer Wise is licensed by the Central Bank of Nigeria to operate as an International Money Transfer Operator (IMTO)”, CBN said.
Read Also: CBN proposes upward review of medical insurance to N500,000
The apex bank on its official twitter handle (@Cenbank) said, “The Public is therefore advised to beware of the activities of Messrs. Azimo and Messrs. Transfer Wise and desist from patronizing the companies forthwith. Anyone who patronizes the unregistered companies, does so at his or her own risk”.
Recall that earlier this month, in a bid to improve foreign exchange (FX) supply at the parallel market window, the Central Bank of Nigeria directed International Monetary Transfer Operators (IMTOs) to fund agent banks’ correspondent accounts, which will be responsible for final payments to beneficiaries.
