Tinubu's Aide Gives Clarity On Exclusion of Opay, Palmpay, Kuda, Moniepoint From Transfer List

Date: 08-12-2023 12:19 pm (2 months ago) | Author: Bayo Nelson
- at 8-12-2023 12:19 PM (2 months ago)
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Dada Olusegun, the Special Assistant to President Bola Tinubu on social media has given clarifications following reports that the Central Bank of Nigeria (CBN) threatened to delist money transfer banks like Opay, Kuda, Moniepoints and others from transfer channel.
 
The followed a circular from the Nigeria Inter-Bank Settlement System (NIBSS) to banks, warning that having these non-deposit-taking financial institutions, such as Switching Companies, Payment Solution Service Providers, and Super Agents as beneficiary institutions on the bank’s NIP funds transfer channels contravenes the Central Bank of Nigeria (CBN) guidelines on electronic payment.
 
The directive cautioned that while switches, PSSPs, and SAs may process outward transfers as inflows to banks, they “are not to receive inflows as their licences do not permit them to hold customers’ funds.”
 
However, in a tweet on Thursday, December 7, the presidential aide said that the report is fake while urging the public to desist from spreading disinformation because it could lead to panic and hurt businesses. Olusegun also urged members of the public to seek clarification on government policies to avoid spreading disinformation.
 
He wrote, “The misinformation making rounds about Opay, Moniepoint, Kuda, and many other banks being delisted as fund transfer channels is another reason why individuals should seek understanding of policies before making comments.

“Glad that all the banks are starting to respond by themselves.”


Posted: at 8-12-2023 12:19 PM (2 months ago) | Addicted Hero
- gogoman at 8-12-2023 07:52 PM (2 months ago)
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Posted: at 8-12-2023 07:52 PM (2 months ago) | Grande Master
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