The Home of Representatives has resolved to analyze the exorbitant quantity charged by Level of Sale (POS) for withdrawal of cash.
The decision to probe the operators adopted a movement moved by Mohammed Shehu on Thursday.
Mr Shehu lamented the excessive expenses by the operators.
He said that some POS house owners cost as a lot as N4,000 to withdraw N10,000.
The lawmaker mentioned POS operators at the moment are actually promoting financial institution notes to clients, noting that the federal government has the ability to control the actions of the operators.
“There’s a want for the federal government to make the most of its related authorities underneath the Central Financial institution of Nigeria, Act 2007 to oversee Industrial Banks and advise on monetary issues, together with regulating Level of Sale operators, this may validate public confidence and deal with the hardships confronted by residents in Nigeria’s monetary transactions,” the movement reads partially.
Following the presentation, the Home resolved its Committees on Banking Laws and, Digital and Digital Banking ought to examine.