CBN cautions against unregistered money transfer operators

The Central Bank of Nigeria, CBN has advised Nigerians at home and in the Diaspora to beware of the activities of some unlicensed International Money Transfer Operators in Nigeria.


The advice is contained in a statement made available to newsmen by CBN's Acting Director of Communication, Mr Isaac Okorafor in Abuja.


It stated that the warning became necessary because of the activities of some unregistered International Money Transfer Operators, whose modes of operation are detrimental to the Nigerian economy.


He advised the public to beware of the activities of such unregistered International Money Transfer Operator to avoid being defrauded.