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CBN disclaims unregistered money transfer operators

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The Central Bank of Nigeria (CBN) has issued a disclaimer on the activities of two international Money Transfer Operators (IMTOS), Messrs Azimo and Transfer Wise.

In a statement released today by the Acting Director, Corporate Communications of the Apex Bank, Osita Nwanisobi, urged the public not to do any business with the two unregistered companies.

The statement reads: “The attention of the CBN has been drawn to the activities of Messrs Azimo and Transfer Wise, both of which are purportedly transacting business, albeit, unaithorised, as IMTOs

The bank wishes to notify the general public that neither Messts Azimonor nor Transfer Wise is licensed by the CBN to operate as IMTO

“The public is, therefore, advised to desist from patronising the companies forthwith.

“Anyone who patronises the unregistered companies, does so at his or her risk,” he warned.

It would be recalled that the apex bank recently approved new license categorisation for the payment system. The bank said the new framework offered clarity for new and existing market players.

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