Close Menu
  • Home
  • News Update
  • Legal Updates
  • Free Legal Resources
  • Law News
  • More
    • Legal Articles & Commentaries
    • Recent Events
    • Promotions
    • About Us
    • S.C Report Online
    • S.C Report Printed Editions

Subscribe to receive Updates

Get the latest updates from us

What's Hot

“For Fully Admitted Students Only” — Council of Legal Education Issues Fresh Guide For ₦476,000 Bar Part II Fees

February 7, 2026

C’River: Magistrates threaten Indefinite strike

February 4, 2026

Revenue Service appointments flout new law

January 30, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Lawbreed Blog
Visit our Website
  • Home
  • News Update

    Revenue Service appointments flout new law

    January 30, 2026

    Fela Kuti Honoured as First African Recipient of Grammy Lifetime Achievement Award

    January 30, 2026

    Economic and Financial Crimes Commission seeks suspension, prosecution of banks aiding N162bn crypto, N18.7bn scams

    January 25, 2026

    $2bn debt dispute: Court rejects Olanipekun, Banire’s appointments as counsels to Nestoil, Neconde

    January 23, 2026

    How FG allegedly altered tax reform laws passed by National Assembly – Reps panel

    January 23, 2026
  • Legal Updates

    Recalibrating Physical Planning In Nigeria

    September 19, 2025

    How to Process a Change of Name at the Supreme Court : Updated Requirements

    May 8, 2025

    What residents should know and do about Wike’s land policy to protect properties

    April 15, 2025

    EXPLAINER: What constitution says about emergency rule, governor’s suspension

    March 19, 2025

    The Implications of ChatGPT for Legal Services and Society

    March 13, 2023
  • Free Legal Resources

    [Download Judgment] Court convicts Nnamdi Kanu on all seven terrorism counts in Abuja

    November 20, 2025

    US court orders FBI, DEA to release records on Tinubu’s investigation (See UNITED STATES DISTRICT COURT MEMORANDUM OPINION)

    April 14, 2025

    Relief for Tinubu as U.S. judge denies Greenspan’s motion to fast-track confidential records disclosure by FBI, CIA, others

    October 24, 2023

    Nigeria wins $11bn P&ID case in UK court (Download Judgment)

    October 23, 2023

    Download: 12-hour marathon judgement delivered by the Presidential Election Petitions Court

    September 9, 2023
  • Law News

    “For Fully Admitted Students Only” — Council of Legal Education Issues Fresh Guide For ₦476,000 Bar Part II Fees

    February 7, 2026

    C’River: Magistrates threaten Indefinite strike

    February 4, 2026

    Lawyers storm Finance Ministry over ₦4trn debt

    January 30, 2026

    Niger: Bago swears in four new High Court judges, three Khadis

    January 30, 2026

    “Use Of Musical Work Without Licence Amounts To Copyright Infringement” — Court Awards ₦210m Damages Against Airtel Over ‘Nigeria Go Survive’ Song

    January 28, 2026
  • More
    • Legal Articles & Commentaries
    • Recent Events
    • Promotions
    • About Us
    • S.C Report Online
    • S.C Report Printed Editions
Lawbreed Blog
Home»News Update»How to report POS agents selling new naira notes – CBN
News Update

How to report POS agents selling new naira notes – CBN

Lawbreed LimitedBy Lawbreed LimitedFebruary 15, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp

The Central Bank of Nigeria (CBN) has released emergency telephone numbers to the public to officially report erring Point of Sales (POS) agents selling new naira notes and those selling charging exorbitantly for withdrawal.

The Director, CBN Governor’s Department, Mr Joseph Omayuku, made this known during a briefing with journalists in Yenagoa, Bayelsa State capital on Tuesday.

While warning syndicates engaging in illegal practices to desist forthwith, Omayuku advised members of the public to report erring PoS agents by reaching out to the CBN contact centre on 07002255226; Telephone Ext: 711025 – 7; contactcbn@cbn.gov.ng and its social media handles.

The scarcity of the new naira notes has been biting Nigerians so hard, with many rejecting the old notes as legal tender, while some state governors have resolved to sue the Federal Government for the challenges experienced in their respective states.

Despite the hardship with the redesign policy, there are still complaints of hitches in online payment platforms of banks leading to failed transactions.

Observers said the hitches occur because digital platforms are not strong enough to accommodate the surge of electronic transactions in recent times as people resort to online payments in response to the scarcity of cash.

Those who reject online payments cite challenges associated with it as reasons.
The CBN official, however, countered the analogy, saying it is “not as bad as to warrant rejection of transfer payments.”

Meanwhile, Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele on Tuesday told the Diplomatic Corps that an extension of the February 10 deadline for the circulation of the redesigned N200, N500 and N1, 000 notes was unnecessary.

He blamed the scarcity of the new notes on the activities of some unscrupulous bankers and members of the society, who were trying to sabotage the policy, warning that such people would be sanctioned along with Point of Sales, POS, operators imposing heavy charges on customers.

The CBN governor said: “PoS agents who are supposed to help are getting involved in these activities.
‘’We have EFCC, ICPC working with our monitoring team to arrest any PoS agent that charges any fee because we have made it clear that whatever is their fee, which is not meant to be more than N200 for any amount you exchange that we, CBN, will pay as part of our effort to lessen the burden of this problem.”

 

featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Lawbreed Limited
  • Website
  • Facebook
  • X (Twitter)
  • Instagram
  • LinkedIn

Publishers of Judgments of The Supreme Court of Nigeria (S.C Report) - on the Authority of the Supreme Court of Nigeria

Related Posts

“For Fully Admitted Students Only” — Council of Legal Education Issues Fresh Guide For ₦476,000 Bar Part II Fees

February 7, 2026

C’River: Magistrates threaten Indefinite strike

February 4, 2026

Revenue Service appointments flout new law

January 30, 2026

Comments are closed.

www.lawbreed.blog
DARK HEARTS by Layi Babatunde, SAN – CLICK TO BUY
Top Posts

Trump, Sons, and Trump Organization File $10bn Lawsuit Against IRS and Treasury Over Tax Data Breach

January 30, 2026576 Views

$2bn debt dispute: Court rejects Olanipekun, Banire’s appointments as counsels to Nestoil, Neconde

January 23, 2026554 Views

UK introduces eVisas for Nigerian study, work visa applicants

July 9, 2025548 Views

Federal High Court Declares Lower Courts Lack Powers to Freeze Bank Accounts

January 16, 2026441 Views
QUALITY BOOKS & LAW REPORTS BREEDS QUALITY PRACTICE
https://lawbreed.blog/wp-content/uploads/2020/10/Law-Breed_x264.mp4
Don't Miss

“For Fully Admitted Students Only” — Council of Legal Education Issues Fresh Guide For ₦476,000 Bar Part II Fees

Law News February 7, 2026

The Council of Legal Education, through the Nigerian Law School, has issued an official public…

C’River: Magistrates threaten Indefinite strike

February 4, 2026

Revenue Service appointments flout new law

January 30, 2026

Fela Kuti Honoured as First African Recipient of Grammy Lifetime Achievement Award

January 30, 2026

Trump, Sons, and Trump Organization File $10bn Lawsuit Against IRS and Treasury Over Tax Data Breach

January 30, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram

Subscribe to get Updates

Get the latest creative news delivered to your email. subscribe now

Supreme Court Report Online (My S.C Extra)
Our Picks

“For Fully Admitted Students Only” — Council of Legal Education Issues Fresh Guide For ₦476,000 Bar Part II Fees

February 7, 2026

C’River: Magistrates threaten Indefinite strike

February 4, 2026

Revenue Service appointments flout new law

January 30, 2026

Fela Kuti Honoured as First African Recipient of Grammy Lifetime Achievement Award

January 30, 2026
Don't Miss

“For Fully Admitted Students Only” — Council of Legal Education Issues Fresh Guide For ₦476,000 Bar Part II Fees

Law News February 7, 2026

The Council of Legal Education, through the Nigerian Law School, has issued an official public…

C’River: Magistrates threaten Indefinite strike

February 4, 2026

Revenue Service appointments flout new law

January 30, 2026

Fela Kuti Honoured as First African Recipient of Grammy Lifetime Achievement Award

January 30, 2026
About Us
About Us

Lawbreed Blog is owned by Lawbreed Limited, a full fledged Law publishing and marketing Private Limited Liability Company, incorporated under the Laws of the Federal Republic of Nigeria.

Email Us: mails@lawbreed.com
Contact: +2348077011730

Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp
Tags
#2023Election Adeleke AGF AI Akpata AMCON APC Atiku Bamise Bandits Bill BOSAN BRT Buhari BVAS CBN CJN Covid EFCC FEA feature featured FG FIRS Fraud INEC LAYI BABATUNDE SAN metro Multichoice NBA NICN NJC Nnamdi Kanu NNPC NPC Obi Osun State PDP Popular SAN Tax Tinubu Trending Twitter VAT
Most Popular

Trump, Sons, and Trump Organization File $10bn Lawsuit Against IRS and Treasury Over Tax Data Breach

January 30, 2026576 Views

$2bn debt dispute: Court rejects Olanipekun, Banire’s appointments as counsels to Nestoil, Neconde

January 23, 2026554 Views

UK introduces eVisas for Nigerian study, work visa applicants

July 9, 2025548 Views

Type above and press Enter to search. Press Esc to cancel.