Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), has said that Point of Sale agents who charge above N200 for the CBN cash swap programme will be arrested and jailed when apprehended.
He gave the warning on Tuesday during a visit to the Ministry of Foreign Affairs, to discuss the monetary and currency redesign policy of the bank.
He said, “The situation is substantially calming down since the commencement of over-the-counter payments to complement ATM disbursements and the use of super-agents.
“There is, therefore, no need to consider any shift from the deadline of February 10.”
Though, this is coming after the apex bank boss announced that there is no going back to February 10 deadline slated for the official phase out of old Naira notes.