Regulate POS business, operators, Reps urge CBN

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The House of Representatives has urged the Central Bank of Nigeria to, “in the public interest,” introduce stringent regulations and guidelines, including sanctions, on the Point of Sale business operations in Nigeria.

Also, the House mandated its Committee on Banking and Currency to organise a stakeholders’ meeting for the purpose of “tackling the menace” of POS operations in the country.

Moving the motion, Olajide noted that the POS is where customers make payments for products or services rendered, but due to many factors, “the POS has been turned into a lucrative business in Nigeria and has provided jobs for millions of unemployed Nigerians that see it as a good alternative to white-collar jobs in the country.”

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The earlier the better

When your ATM’s don’t work 🤐🤐

So POS business is now a headache to this buffoons? Tufiakwa!

They are already working under regulations

How

you still wants to regulate POS business?instead to encourage youth to put more effort on it these has been helping so far Some machine swallow your card without being refunded,,, in other to pay for anoda card which is never easy to collect Some areas doesn’t even have bank

The bankers will never put money inside their ATM machines because they are the brain behind the POS. Imagine a bank with 6 ATM machines in ojodu not always functioning but POS nearby are raking in money on daily basis.

Small business Nigerians are using to make money and survive you still want to regulate it 😔

I agree POS should be regulated but how...with the level of poverty?

God forbid, with lots of matters pressing us u go for this? The people in there are they really humans?

They are only good in blocking youth progress that is how they ban cypto

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The proliferation of POS,is a perfect pointer to the failure of ATM and unemployment level. When TECH comes to Naij,it fails due to manipulations. ATM won't work on a Monday morning,buy the POS beside it will work. Don't you think banks should explain?

I love this for good to customers

Read the article and you'd know better

No jobs yet you just want to push us to the wall finally all u know is creating poverty and mind you we will survive cuz we are not lazy at all

Anything for the youths to suffer. We have to stand up to vote for the right people. DPR

😆 😆 so they can make more tax money

Legislative arm of government in my country of birth IS A BIG JOKE💯💔💔

You just want to take away the means of surviving from some people. Don’t you have better things to talk in the house, look into your constituencies and talk about it.. smh

This people don't know what next to deliberate on... Demanding issues are there, they will not

It's obvious these politicians are against the betterment of citizens. POS is only functioning private business helping Nigerian youth out of poverty and social vices. Same was said about MMM back then, instead to talk and deliberate on matter that concern the nation,

Nawa oo

If this one no get better things to deliberate about na something wey no get meaning den go dey talk for inside that house

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