CBN Governor, Cardoso Clears The Air on Revoking Licenses of Moniepoint, Opay, Others

Date: 21-05-2024 7:57 pm (4 weeks ago) | Author: kacy lee
- at 21-05-2024 07:57 PM (4 weeks ago)
(f)

The governor of the Central Bank of Nigeria, Olayemi Cardoso, said that the apex bank has not revoked the licenses of Moniepoint, Opay, and other fintech banks operating in Nigeria.

Cardoso disclosed this in a communiqué from Tuesday’s Monetary Policy Committee meeting in Abuja.

He noted that CBN is not against fintechs.

The governor of the Central Bank of Nigeria, Olayemi Cardoso, said that the apex bank has not revoked the licenses of Moniepoint, Opay, and other fintech banks operating in Nigeria.

Cardoso disclosed this in a communiqué from Tuesday’s Monetary Policy Committee meeting in Abuja.

He noted that CBN is not against fintechs.

His reaction comes weeks after the bank restricted OPay, Palmpay, Kuda Bank and Moniepoint from onboarding new customers over allegations of accounts being used for illicit foreign exchange transactions.

Cardoso stressed the need for CBN to strengthen financial regulations to check against leakages.

CBN is not against fintechs and has not revoked the license of any fintech organization. However, he stressed the need to strengthen regulation in the sector to check against leakages”, he said.

He added, “It’s our responsibility to ensure it (the banking system) remains sound, safe, and fit for purpose.”


Posted: at 21-05-2024 07:57 PM (4 weeks ago) | Addicted Hero
- gogoman at 21-05-2024 08:59 PM (4 weeks ago)
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do u people have head for that naija? we go hear one thing for morning and by evening na another thing  Roll Eyes Roll Eyes Roll Eyes
Posted: at 21-05-2024 08:59 PM (4 weeks ago) | Grande Master
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