The Central Bank of Nigeria (CBN) has accused the Deposit Money Banks (DMBs) of colluding with Point of Sale (PoS) operators to disrupt the cash flow in the country.
The country has been hit another naira scarcity in the last few weeks with bank customers queuing in banking halls and Automated Teller Machine (ATM) points across the country in a bid to get cash.
In a statement issued on Thursday by its Acting Director of Communication and Public Relations, Sidi Ali, the CBN warned the DMBs and PoS operators to stop the criminal act or face sanctions.
